For over ten years now blockchain technologies have largely been focused on cryptocurrencies and attempts to raise the popularity of the underlying technology. In Vietnam, early incidents involving ponzi schemes and fraudulent investments led the bank of Vietnam to declare
Indochine Counsel Blog
The Indochine Counsel Blog, published by Indochine Counsel, focuses on legal developments and regulatory issues in Vietnam, particularly in emerging sectors such as cryptocurrency, blockchain technology, and data privacy. It covers the impact of new laws and decrees on businesses operating in Vietnam, including cybersecurity regulations and data localization requirements. The blog also discusses government initiatives related to digital transformation and the digital economy. Its content is aimed at providing insights into the evolving legal landscape affecting technology, finance, and compliance in Vietnam.
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How Ethereum’s Merge affects Vietnam
For those who follow cryptocurrency news, something big just happened. Ethereum, probably second only to Bitcoin, merged. There are two things that must be understood before taking a risk with the Ethereum chain. First, what is the merge, and second…
Data Privacy and Vietnam’s Government, Some Questions
According to Vietnam Plus yesterday, Ho Chi Minh City authorities are hopeful that their gross regional domestic process will be composed 25% of the digital economy. The plans are ambitious. Accordingly, attention will be paid to raising public awareness of…
Impacts of Vietnam’s New Data Localization Decree
Last week, I posted our firm’s coverage of the new decree for implementation of the law on Cybersecurity in Vietnam (the “Decree”). This week I want to look at some of the effects this will have on enterprises doing business…
Cybersecurity Updates in Vietnam’s Legal Regime
Despite the fact that the promulgation of Decree 53 on the implementation of the cybersecurity law is verging on old news, I wanted to share the information prepared by our firm here because it is an extremely important development in…
Vietnam’s Independence Day Remembered
This week marks the 67th anniversary of Vietnam’s Declaration of Independence. On 2 September 1945, Ho Chi Minh stood in Ba Dinh Square, Hanoi, and read the declaration to over a million people in Hanoi, and also gathered in Saigon.…
Legislating the Metaverse in ASEAN
The Metaverse is a projected new technology that will be used to connect users all across the globe and will involve both virtual reality, social media, and traditional technologies. The Metaverse has largely been promoted by Facebook’s parent company Meta,…
New Thoughts on Blockchain
For the first time in a while, I find myself somewhat unprepared for Monday. As such, I want to review some of the thoughts I’ve had lately on technology, Vietnam, and the law. Crypto Thefts and Implications This weekend the…
Some thoughts on data localization
When I first came to understand Vietnam’s rigid requirements surrounding data localization I thought the requirements far too rigid and expensive to be realistically enforced. Requiring data collectors to open a branch office or representative office and to refrain from…
Vietnam, the FBI, and You
According to thus month’s Wired Magazine, the United States Federal Bureau of Investigation conducted 3.4 million illegal searches of private data. Thus included searches of foreign individuals and entities. That number, to those who might not be aligned with the…