Legal Framework for Bitcoin Under Canadian Law and Lessons for Vietnam

Abstract

Under the influence of Industry 4.0, numerous scientific breakthroughs have emerged, including "cryptocurrencies and virtual currencies." Globally, various types of crypto-assets such as Ethereum, Litecoin, Bitcoin, Swisscoin, and Zcash have gained prominence, with regulatory approaches ranging from outright bans to formal authorization. This article examines the legal framework governing virtual currencies in Canada—a pioneer in establishing such regulations—to derive critical lessons for Vietnam in refining its legal framework for assets currently being drafted in the Law on Digital Technology Industry