It's time to tighten up management!

VHO - The case of Mr. Nguyen Hoa Binh (Shark Binh) being prosecuted for irregularities in the AntEx cryptocurrency project is attracting public attention, and it is occurring during a period of digitalization that many localities and banks are concerned about, raising the pressing issue of how to strictly manage the digital finance sector.

Many individuals investing in cryptocurrencies say that the investment environment is currently "booming," with dozens of types of cryptocurrencies being heavily promoted and issued.

The numerous promotional activities and invitations to participate in digital finance, organized by leading localities such as Da Nang and Ho Chi Minh City, are further intensifying the situation.

Is the digital finance market booming?

According to the Da Nang Department of Science and Technology, in the past few months, the locality has become a focal point of important events, continuously organizing and hosting activities related to networking, communication, and positioning for digital finance.

Training and consulting programs on digital finance, the design of future digital exchanges, cooperation initiatives, and attracting regional investment in digital finance are being strongly promoted.

Da Nang is actively implementing various digitalization activities with the aim of becoming a regional financial center.

Quite a number of financial research and investment organizations focusing on digital capital flows are approaching Da Nang, choosing the city as an attractive investment destination with favorable conditions for digital capital flows in the near future.

These activities are attracting attention from many issuers, consultants, and digital finance organizations. In the Central region, new investors in cryptocurrencies have begun to emerge, with the number of people participating in this digital investment and business sector steadily increasing.

Many cryptocurrencies, which previously only attracted individual investors in Hanoi and Ho Chi Minh City, now have a significant presence in central Vietnam, especially in Da Nang and Hue.

Many people report having reaped encouraging returns, ensuring profitable investments, even with some seemingly obscure cryptocurrencies.

Mr. Vo HM, the owner of a service business in Hue, shared that through a few like-minded friends, he started investing in cryptocurrencies at the beginning of 2025. To date, the balance in his cryptocurrency account has exceeded the initial amount several times.

He believed that, following this trend, his cryptocurrency investment flow would flourish, and as information emerged that Da Nang would become a more active hub for cryptocurrency projects, he began contacting several sources to learn more.

"If we have publicly traded cryptocurrencies, accepted and validated by exchanges, the flow of digital finance through financial centers like Da Nang will certainly be very strong," HM commented.

Some technology investment consultants in Ho Chi Minh City, upon observing Da Nang's digital environment, expressed confidence that there will be stronger development of cryptocurrencies in the central region in the near future.

Importantly, these cryptocurrencies are not just concentrated in one place, but will connect very broadly to the outside world, and the story of investing in cryptocurrencies will become more widespread.

It's time to tighten the legal framework!

The issue that concerns many people is not only the promised profits of cryptocurrencies, but also the level of safety and compliance with legal frameworks.

Mr. Vo HM expressed his concerns, stating that no matter what is said, the cryptocurrencies currently traded on the market have not yet been officially recognized by the authorities and still contain certain risks regarding secured transactions and, especially, stable liquidity in the market.

The recent incident involving Shark Binh has put the digital finance investment community in a state of skepticism, at least in terms of security and accountability. The collapse of AntEx's token without any legal framework to protect it serves as a wake-up call for the investment community and those participating in the digital finance sector.

Creating a safe digital financial environment is a key concern for investors.

Cryptocurrency projects will therefore face even greater risks, as they lack transparency, risk management, and a legal framework.

Furthermore, the fact that an individual managing cryptocurrency can influence digital financial operations, potentially interfering with "liquidation withdrawals" or "token dumping" illegally, demands that investors be extremely vigilant, knowledgeable, and cautious when entering this volatile investment field.

Can regulatory bodies, especially the government, intervene and manage this issue by improving the legal framework, strengthening supervision, and strictly punishing violations to protect the interests of the community and ensure the development of the digital financial market?

These big questions, raised after the Shark Binh incident and with the world's largest cryptocurrency currently fluctuating following a restriction order from the US President, all reflect the precarious state of the "digital economy" with cryptocurrencies outside the control of nations and state regimes.

Positive signals from the central government's major policies, along with efforts by localities like Da Nang to attract investors, structure associations, and establish safe and secure advisory relationships to formalize and publicize digital exchanges, certify that digital currencies have full legal basis and operational management frameworks… are promising to create safer flows.

The digital financial investment environment, thanks to the practical efforts contributed by regions and provinces, has truly been formed.

However, if the national legal framework and law enforcement agencies do not truly get involved and do not have effective tools to tighten the management of digital currencies, the risk of loss and instability in the digital financial market as a whole remains very high.

It must be acknowledged that today's investors in digital finance in our country are still mostly small investors, lacking the experience and capacity to address the significant challenges ahead.

Therefore, if investors only rely on hearsay and view cryptocurrency investment as a risky, unsecured gamble, they will not be able to grow significantly, and the digital financial infrastructure of the entire socio-economic system will remain very weak!

Source: https://baovanhoa.vn/nhip-song-so/da-den-luc-siet-chat-quan-ly-175830.html