Vietnam Explicitly Includes Digital Assets in Requisition Scope
During discussions on the draft revised Law on Property Requisition and Purchase, Vietnam highlighted that the requisition of digital assets requires clear boundaries regarding scope and authority, supported by appropriate compensation and indemnity mechanisms to safeguard the legitimate rights and interests of businesses and investors.（Vietnam crypto exchange）
As digital asset and cryptocurrency markets become increasingly popular and standardized, policymakers face the challenge of handling the invocation or requisition of digital assets under special circumstances when drafting relevant regulations.
Key Views and Recommendations
- Define Powers, Responsibilities, and Scope: The article emphasizes that “requisition” or special intervention measures targeting digital assets must have strictly defined scopes of application and specific legal powers to prevent overreaching authority.
- Safeguard Investor Rights: Given that digital assets feature high liquidity, decentralization, and privacy, interventions lacking clear boundaries can easily trigger market panic and negatively impact the asset security and confidence of everyday investors.
- Establish Supporting Compensation and Return Mechanisms: Any measures involving asset requisition or temporary freezing must be accompanied by transparent, fair procedures and a clear mechanism for asset return and reasonable compensation to effectively protect the legitimate private property rights of enterprises and individuals.