Anti-money laundering, market transparency of digital assets

CAO NGUYÊN |

Digital asset management is a new and complex issue that needs careful consideration, including research and clarification of some content on digital asset classification.

On November 23, the National Assembly listened to Chairman of the Committee on Science, Technology and Environment Le Quang Huy review the report on the draft Law on Digital Technology Industry.

Accordingly, the National Assembly's Committee on Science, Technology and Environment believes that the regulation of digital assets in the Draft is necessary. However, digital asset management is a new and complicated issue that needs careful consideration.

It is necessary to study and clarify some contents on digital asset classification and develop corresponding management regulations; on ownership, inheritance and usage rights; security measures, digital asset transactions, handling of user complaints, protection of intellectual property rights; in accordance with international practices, facilitating transactions; ensuring strict management, anti-money laundering and market transparency.

The Review Committee agreed that it is necessary to have regulations on semiconductor industry development in the Draft, and proposed to research and have outstanding and feasible incentive policies; consider adding some regulations on incentive policies for experts and scientists.

Regulations on ensuring the provision of infrastructure, especially clean electricity and clean water; research and supplement regulations on stimulating demand and developing the domestic market for semiconductor products produced by domestic enterprises; more clearly define the responsibilities of foreign investors in the training of high-quality human resources, technology transfer, machinery, equipment, etc. as appropriate.

Regarding artificial intelligence, Chairman of the Committee on Science, Technology and Environment Le Quang Huy said that some opinions stated that the provisions in the draft Law are basically reasonable.

However, there are opinions that it is necessary to conduct comprehensive research (including issues of ownership and property rights and personal rights to data; issues of respecting copyright;...) to build a separate law on artificial intelligence (AI) in Vietnam.

The Committee on Science, Technology and Environment believes that at this time, Vietnam needs to have a legal basis to regulate artificial intelligence to develop the strengths and advantages of AI. At the same time, it limits adverse impacts in research, application and development of AI technology.

Therefore, the necessity, scope and level of regulations on AI systems in the draft Law are basically agreed upon. However, it is recommended to study and supplement regulations to limit the risks and impacts of AI technology on economic and social life such as ethical principles.

It is necessary to research and develop AI created by Vietnam; allow businesses with AI research projects to use data sources from state agencies; regulate the level of application of artificial intelligence in state agencies from solutions owned by domestic enterprises (to encourage use and create markets).

CAO NGUYÊN
TIN LIÊN QUAN

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Supplementing regulations on handling cases of asset undervaluation

Bảo Hân |

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Proposal to pilot measures to prevent early asset dissipation

Nhóm PV |

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