According to the Crypto Council for Innovation, cryptocurrency holdings in Vietnam are untaxed, making them an attractive asset. The United Arab Emirates (UAE) has the highest rate of crypto ownership, with a third of the population holding crypto currencies, around three million owners. The US is in third place, with 15.6 per cent of the population owning crypto. In terms of actual crypto users, India ranked first with 93 million using the payment system, followed by the US with 48 million and Vietnam with 20 million. Cryptocurrency ownership in Vietnam is high and a popular type of asset, especially among the young. Data from blockchain research company Chainalysis, released in March, showed crypto users in Vietnam ranked third in the world in terms of profits from trading in 2023, with a total value of 1.18 billion USD./.