What are xem bóng đá trực tiếp vtv2 origins of xem bóng đá trực tiếp vtv2 Pi Coin? What is xem bóng đá trực tiếp vtv2 current value of 1 Pi? What is xem bóng đá trực tiếp vtv2 role of xem bóng đá trực tiếp vtv2 Ministry of Finance of Vietnam in enhancing xem bóng đá trực tiếp vtv2 management of activities related to virtual currencies?

What are xem bóng đá trực tiếp vtv2 origins of xem bóng đá trực tiếp vtv2 Pi Coin?

xem bóng đá trực tiếp vtv2 Pi Coin (Pi Network) was officially launched on March 14, 2019 (also known as Pi Day). xem bóng đá trực tiếp vtv2 project was initiated by a group of developers from Stanford University.

Pi Coin is xem bóng đá trực tiếp vtv2 official cryptocurrency unit within xem bóng đá trực tiếp vtv2 Pi Network ecosystem. Users can mine, trade, and use Pi within applications that belong to this network.

xem bóng đá trực tiếp vtv2 objective of Pi Network is to create a cryptocurrency that can be easily mined on mobile devices, thereby making blockchain technology accessible to a wide range of users without xem bóng đá trực tiếp vtv2 need for specialized equipment or excessive energy consumption.

As of today, February 21, 2025, Pi Network has existed for nearly 6 years. However, it should be noted that xem bóng đá trực tiếp vtv2 project is still under development, and Pi Coin has not yet been officially listed on major exchanges at this time, although there have been some unofficial transactions such as OTC (over-xem bóng đá trực tiếp vtv2-counter exchanges).

What is xem bóng đá trực tiếp vtv2 current value of 1 Pi?

As of today, February 21, 2025, xem bóng đá trực tiếp vtv2 actual market value of 1 Pi (Pi Network) is still not clearly and officially determined, as xem bóng đá trực tiếp vtv2 project only recently launched xem bóng đá trực tiếp vtv2 mainnet on February 20, 2025.

However, Pi Coin was officially listed on xem bóng đá trực tiếp vtv2 OKX exchange on February 20, 2025. xem bóng đá trực tiếp vtv2 initial price ranged from 1.3 USD to 2 USD right after trading commenced. Yet, xem bóng đá trực tiếp vtv2 price experienced significant fluctuations, with xem bóng đá trực tiếp vtv2 lowest in xem bóng đá trực tiếp vtv2 24-hour period being 0.1 USD and xem bóng đá trực tiếp vtv2 highest reaching 2.2 USD. Around 4:50 PM on February 20 (Vietnam time), xem bóng đá trực tiếp vtv2 trading price was recorded at 1.56 USD, a roughly 1.5% increase in a short period. Specifically, xem bóng đá trực tiếp vtv2 current value of Pi Coin is as follows:

Pi Network price today listed on OKX exchange

As of 2:07 PM on February 21, 2025, xem bóng đá trực tiếp vtv2 value of 1 Pi (PI) fluctuates around 0.7 to 0.8 USDT, equivalent to approximately 17,000 to 19,000 VND. This value has significantly decreased from xem bóng đá trực tiếp vtv2 initial listing range of 1.3 to 2 USDT/Pi on February 20, 2025.

xem bóng đá trực tiếp vtv2 strong price fluctuations of Pi have caused considerable concern within xem bóng đá trực tiếp vtv2 user community. Before investing or trading with Pi, users should exercise caution and thoroughly research xem bóng đá trực tiếp vtv2 project and potential risks involved.

Note: xem bóng đá trực tiếp vtv2 information is for reference only and should not be considered investment advice. Investors should conduct their own research and carefully evaluate before making decisions!

What are xem bóng đá trực tiếp vtv2 origins of xem bóng đá trực tiếp vtv2 Pi Coin?(Image from xem bóng đá trực tiếp vtv2 Internet)

What is xem bóng đá trực tiếp vtv2 role of xem bóng đá trực tiếp vtv2 Ministry of Finance of Vietnam in enhancing xem bóng đá trực tiếp vtv2 management of activities related to virtual currencies?

Based on Section 2 ofDirective 10/CT-TTg 2018to limit risks and consequences for society, promptly detect, prevent, and handle violations of xem bóng đá trực tiếp vtv2 law, xem bóng đá trực tiếp vtv2 Prime Minister of xem bóng đá trực tiếp vtv2 Government of Vietnam requests xem bóng đá trực tiếp vtv2 Ministry of Finance of Vietnam to focus on implementing xem bóng đá trực tiếp vtv2 following tasks:

- Direct public companies, securities companies, fund management companies, and securities investment funds not to conduct activities of issuing, trading, and brokering transactions related to illegal virtual currencies, complying with regulations on anti-money laundering.

- Research practices and international experiences to propose measures for capital mobilization activities through Initial Coin Offerings (ICO).

- Lead and cooperate with relevant agencies to take measures to limit xem bóng đá trực tiếp vtv2 import and manage equipment and machinery for xem bóng đá trực tiếp vtv2 purpose of virtual currency mining.

Does income from virtual currencies subject to Personal Income Tax (PIT) or Value Added Tax (VAT) in Vietnam?

(1) Regarding Personal Income Tax

Based on Clause 1, Article 3 of xem bóng đá trực tiếp vtv2Personal Income Tax Law 2007, amended by Clause 1, Article 2 of xem bóng đá trực tiếp vtv2Law on Amendments to Tax Laws 2014, it is stipulated as follows:

Taxable Income

Taxable personal income includes xem bóng đá trực tiếp vtv2 following types of income, except for income exempt from tax as stipulated in Article 4 of this Law:

1. Income from business activities, including:

a) Income from production and business activities of goods and services;

b) Income from independent practice activities of individuals with practice licenses or certificates according to xem bóng đá trực tiếp vtv2 law.

Income from business activities stipulated in this clause does not include income of individuals with business revenue of 100 million VND/year or less.

...

(2) Regarding Value Added Tax (VAT)

According to Article 3 of xem bóng đá trực tiếp vtv2Luật Thuế giá trị đá bóngas follows:

Taxable Items

Goods and services used for production, business, and consumption in Vietnam are subject to value-added tax, except for xem bóng đá trực tiếp vtv2 objects stipulated in Article 5 of this Law.

According to(1)and(2), up to xem bóng đá trực tiếp vtv2 present time, there is no legal document specifying virtual currency as goods or services used for production, business, and consumption in Vietnam.

According to Article 3 of xem bóng đá trực tiếp vtv2Commercial Law 2005defining goods as follows:

Terminology Explanation

In this Law, xem bóng đá trực tiếp vtv2 following terms are construed as follows:

...

2. Goods include:

a) All types of movable property, including future-movable property;

b) Things attached to land.

...

Thus, goods only include: all types of movable property, including future-movable property; things attached to land, but do not define virtual currencies as goods. Currently, there are also no specific legal frameworks for this subject.

According toCông trực tiếp bóng đá euro hôm nayby xem bóng đá trực tiếp vtv2 State Bank of Vietnam provides guidance as follows:

Based on xem bóng đá trực tiếp vtv2 stated regulations,virtual currencies in general and Bitcoin, Litecoin in particular are not money and are not legal means of payment according to Vietnamese law. xem bóng đá trực tiếp vtv2 issuance, provision, and use of virtual currencies in general and Bitcoin, Litecoin in particular (unlawful payment means) as currency or payment methods is prohibited. xem bóng đá trực tiếp vtv2 sanctions for this act have been stipulated in Decree 96/2014/ND-CP by xem bóng đá trực tiếp vtv2 Government of Vietnam regarding administrative sanctions in xem bóng đá trực tiếp vtv2 field of currency and banking and Criminal Code 2015 (as amended and supplemented). Additionally, regarding investment in virtual currencies, xem bóng đá trực tiếp vtv2 State Bank of Vietnam has repeatedly warned that this investment bears very high risks for investors.

Furthermore, according to Clause 6, Article 26 ofDecree 88/2019/ND-CP, amended by point d, Clause 15, Article 1 ofDecree 143/2021/ND-CPon violations regarding payment activities, it is regulated as follows:

Payment Activity Violations

...

6. A fine ranging from 50,000,000 VND to 100,000,000 VND for any of xem bóng đá trực tiếp vtv2 following violations:

...

d) Issuing, providing, using unlawful payment means that do not reach xem bóng đá trực tiếp vtv2 level of criminal prosecution;

...

Therefore, it can be said that Pi Network specifically and virtual currencies generally are not currency and are not a legal means of payment according to Vietnamese law, so xem bóng đá trực tiếp vtv2 buying, selling, and trading of virtual currencies are illegal.

Thus, virtual currencies are not subject to PIT or VAT. However, it is noted that if trading virtual currency does not reach xem bóng đá trực tiếp vtv2 level of criminal prosecution, one may be fined from 50,000,000 VND to 100,000,000 VND.

Note: xem bóng đá trực tiếp vtv2 above-mentioned fine is applicable to individuals; xem bóng đá trực tiếp vtv2 fine for organizations is twice xem bóng đá trực tiếp vtv2 fine for individuals (point b, clause 3, Article 3 ofDecree 88/2019/ND-CP).