Vietnam Finance Ministry Backs Use of Digital Assets as Collateral for SME Bank Loans

The post Gravity Bridg Hack: Gravity Bridge Pauses Operations After $5.4M Hack appeared on BitcoinEthereumNews.com. Gravity Bridge halted operations after a $5.4 million hack. Security teams are tracing funds while investigating a suspected key compromise. A major security incident has hit Gravity Bridge, a decentralized blockchain that connects the Ethereum and Cosmos networks. The protocol reportedly lost approximately $5.4 million worth of digital assets in a hack. This led to the validators stopping bridge operations quickly. In the meantime, security teams began their investigation of the attack and traced the stolen money. Hackers Drain USDC, ETH, and USDT from Gravity Bridge According to blockchain security firm PeckShield, the attacker drained several assets from the bridge. About $4.3 million in USDC, 274 wrapped Ether (wETH) worth approximately $553,000, and USDT valued at $434,000 were stolen. The hacker also took 14.164 PAX Gold tokens worth of almost $64,000. Thanks to the

Gravity Bridge halted operations after a $5.4 million hack. Security teams are tracing funds while investigating a suspected key compromise. A major security incident has hit Gravity Bridge, a decentralized blockchain that connects the Ethereum and Cosmos networks. The protocol reportedly lost approximately $5.4 million worth of digital assets in a hack. This led to […] The post Gravity Bridge Pauses Operations After $5.4M Hack appeared first on Live Bitcoin News.

The post Bitcoin Register Record 15.8M Long-Term Holders Amid Price Decline appeared on BitcoinEthereumNews.com. Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational arti

The post Vietnam Proposes Allowing SMEs to Use Digital Assets as Loan Collateral appeared on BitcoinEthereumNews.com. Vietnam’s Ministry of Finance has proposed letting small and medium-sized enterprises use digital assets, virtual assets and intellectual property as collateral for bank loans. The proposal is part of a draft revised Law on Support for SMEs, which is open for public consultation, according to a Friday report by Vietnam News. Under the framework, businesses could secure loans using future-formed assets, property rights, intangible assets and digital or virtual assets. SMEs and household businesses account for more than 98% of all enterprises in Vietnam, yet outstanding loans to the segment represent only around 20% of total bank credit in the economy, per the report. The Ministry attributed the imbalance to a lack of eligible collateral, limited financial transparency and the small capital base of most SMEs. Many startups and technology-driven companies hold valuable sof

The post Vietnam Eyes Crypto Loans for SMEs Policy Shift appeared on BitcoinEthereumNews.com. Vietnam proposes allowing SMEs to use digital assets, virtual assets, and IP as loan collateral under draft law. Vietnam’s Finance Ministry has proposed a policy change that could allow small and medium-sized enterprises to use digital assets, virtual assets, and intellectual property as bank loan collateral. The plan, now under public consultation, could widen credit access for private firms and technology startups that lack land or other fixed assets. Vietnam Reviews New Loan Collateral Rules According to Viet Nam News, the Ministry of Finance has added the proposal to a draft amendment to the Law on Support for SMEs. The draft would expand the types of assets that banks may accept when firms apply for loans. The proposal includes future-formed assets, property rights, intellectual property rights, intangible assets, digital assets, and virtual assets. It also covers other lawful assets unde

Vietnam proposes allowing SMEs to use digital assets, virtual assets, and IP as loan collateral under draft law. Vietnam’s Finance Ministry has proposed a policy change that could allow small and medium-sized enterprises to use digital assets, virtual assets, and intellectual property as bank loan collateral. The plan, now under public consultation, could widen credit […] The post Vietnam Eyes Crypto-Backed Loans for SMEs in Major Policy Shift appeared first on Live Bitcoin News.

Vietnam’s Ministry of Finance has proposed letting SMEs use digital assets, virtual assets and intellectual property as loan collateral.

The post Vietnam may let SMEs use digital assets to unlock bank loans appeared on BitcoinEthereumNews.com. Vietnam’s Ministry of Finance has proposed allowing small and medium-sized enterprises to use digital assets, virtual assets and intellectual property as collateral for bank loans. Summary Vietnam’s draft allows SMEs to pledge digital assets, virtual assets and IP for bank loans. SME loans reached only 20% of total credit despite firms representing 98% of businesses national. The plan pushes banks toward cash flow and credit-rating lending beyond real-estate collateral requirements alone. The proposal is part of the draft revised Law on Support for SMEs, which is open for public consultation, according to Viet Nam News. The plan would widen the type of assets that businesses can use when applying for bank loans. Under the draft, SMEs could use assets formed in the future, property rights, intellectual property rights, intangible assets, digital assets, virtual assets and other law