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At this time in crypto, Vietnam has introduced digital belongings beneath regulatory oversight, crypto market sentiment stays sturdy amid the continued Israel-Iran battle, and Bitcoin ETFs document 5 days of inflows regardless of geopolitical tensions.
Vietnam legalizes crypto beneath new digital expertise regulation
The Nationwide Meeting of Vietnam permitted the Regulation on Digital Know-how Business on June 14, bringing digital assets under regulatory oversight.
The laws, set to take impact on Jan. 1, 2026, acknowledges crypto belongings and lays the groundwork for broader digital innovation throughout the nation, in accordance to studies from native media retailers.
The regulation classifies digital belongings into two classes, together with digital belongings and crypto belongings. Whereas each depend on encryption or digital applied sciences for validation and switch, neither consists of securities, digital fiat currencies, or different monetary devices.
The federal government is now tasked with outlining particular enterprise situations, classifications, and oversight mechanisms for these asset sorts.
The regulation additionally mandates cybersecurity and Anti-Money Laundering safeguards aligned with worldwide norms, an effort probably geared toward addressing the Monetary Motion Process Power’s (FATF) considerations. Vietnam has been on the FATF “grey checklist” since 2023.
Crypto Worry & Greed Index stays in greed territory amid Israel-Iran battle
The Crypto Worry & Greed Index, which tracks overall crypto market sentiment, has remained within the “greed” zone regardless of rising geopolitical tensions after Israel launched a collection of airstrikes on Iran.
The Index posted a rating of 60 in its Sunday replace, sustaining its place within the greed territory regardless of Bitcoin falling 2.8% to $103,000 on Friday. This adopted explosions reportedly heard in Tehran at 22:50 UTC on Thursday, which Israel claimed accountability for. Iran reportedly retaliated with “dozens of ballistic missiles” on Friday night time.
On Thursday, the Index was holding a Greed rating of 71.
Bitcoin’s worth decline got here because it was edging nearer to retesting its Could 22 all-time excessive of $111,970. On the time of publication, Bitcoin is buying and selling at $105,670, according to CoinMarketCap.
Bitcoin ETFs see 5 days of consecutive capital inflows
Bitcoin (BTC) exchange-traded funds (ETFs) recorded a five-day inflow streak regardless of geopolitical tensions within the Center East and the looming uncertainty in international monetary markets.
In response to knowledge from Farside Buyers, Bitcoin ETFs noticed over $1.3 billion in inflows since Monday.
Coin Bureau founder and market analyst Nic Puckrin voiced cautious optimism about Bitcoin’s short-term worth resilience on Friday. The analyst additionally mentioned:
“Over the long run, what issues most for Bitcoin is just not geopolitics, it’s the US greenback index (DXY), and the DXY has simply damaged under 100, its lowest stage in over three years. It’s clear USD is simply going in a single path, and Bitcoin usually goes within the reverse.”
Regardless of this, Puckrin warned that every one risk-on belongings might take a serious hit this weekend if tensions escalate and Iran closes the Strait of Hormuz. The slim waterway is a important transport lane for oil and will have widespread impacts on the worldwide financial system.