Wu Blockchain English: Vietnam's Finance Ministry Proposes Allowing SMEs to Use Digital and Virtual Assets as...

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Vietnam's Finance Ministry Proposes Allowing SMEs to Use Digital and Virtual Assets as Loan Collateral

According to Viet Nam News, Vietnam's Ministry of Finance has proposed allowing SMEs to use digital assets, virtual assets and intellectual property as collateral for bank loans, in a bid to improve financing access for private companies and tech startups.

The proposal has been included in a draft amendment to the Law on Support for SMEs and is currently open for public consultation. The draft would expand the range of acceptable collateral, allowing businesses to apply for loans using future-formed assets, property rights, digital assets, virtual assets and other lawful assets. — link