From a government perspective, if I were to do this, I would have similar thoughts: 1/ It would limit money laundering and fraudulent funds. 2/ It would limit losses for new investors and FOMO. 3/ Even if the money is clean, it would allow for better management of the money flow, preventing it from flowing abroad, which is also important. 4/ Concentrating all users on domestic exchanges would help increase budget revenue and position Vietnam as a free country for crypto startups. (If users become discouraged, it will help the money flow back into the stock market or investments in Vietnam.) From a startup perspective, although I haven't worked on any projects, with such vague regulations, it will be difficult for many startups in this field to emerge. Anyone who has worked on startups, please share your opinion. In general, this regulation protects domestic investors, but whether it's beneficial or harmful will only be known in 3-5 years, as the data is still too uncertain. I'll probably switch to another profession. - AI to earn - Writing to earn - Talking nonsense to earn - ... Vin to earn!