What is đá bóng trực tiếp Pi Network price in VND today? Does đá bóng trực tiếp Ministry of Finance of Vietnam lead đá bóng trực tiếp research on legal documents concerning taxes related to virtual currencies?
What is đá bóng trực tiếp Pi Network price in VNDtoday?
As of đá bóng trực tiếp morning of February 27, 2025 (around 10:30 AM Vietnam time), there is no officially unified price for Pi Network (PI) from all sources, as this price depends on trading on decentralized exchanges and markets.
However, based on information from đá bóng trực tiếp OKX exchange, where Pi Network was listed after đá bóng trực tiếp mainnet officially opened on February 20, 2025, today's Pi Network price chart is listed on OKX as follows:
Accordingly, if converted to VND (with an average exchange rate of about 25,000 VND/USD at this time), đá bóng trực tiếp Pi Network price today could be approximately 75,000 VND/1 Pi.
After đá bóng trực tiếp mainnet opened on February 20, 2025, đá bóng trực tiếp starting price of Pi was around 1.97 USD, then it sharply dropped to 0.65-0.8 USD on đá bóng trực tiếp first day, and gradually recovered. By February 26-27, đá bóng trực tiếp price rose again due to expectations from đá bóng trực tiếp listing vote on Binance (results expected to be announced today, February 27) and reduced selling pressure.
Note: đá bóng trực tiếp cryptocurrency market frequently experiences strong fluctuations, so investors should closely monitor exchanges and market information to update đá bóng trực tiếp current value of Pi Network.
What is đá bóng trực tiếp Pi Network price in VND today? (Image from đá bóng trực tiếp Internet)
Is income from Pi Network taxable in Vietnam?
Based on Clause 1, Article 3 of đá bóng trực tiếpPersonal Income Tax Law 2007, amended by Clause 1, Article 2 of đá bóng trực tiếpLaw on Amendments to Various Tax Laws 2014, which states:
Taxable Income
Taxable personal income includes đá bóng trực tiếp following types of income, excluding tax-exempt income specified in Article 4 of this Law:
- Income from business, including:
a) Income from production and business activities of goods and services;
b) Income from independent practice activities of individuals with licenses or practicing certificates as prescribed by law.
đá bóng trực tiếp business income specified in this clause does not include income of individuals with business revenue of 100 million VND/year or less.
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In addition, based onCông trực tiếp bóng đá euro hôm nayof đá bóng trực tiếp State Bank of Vietnam which guides as follows:
Based on đá bóng trực tiếp above-mentioned regulations,virtual currencies in general and Bitcoin, Litecoin in particular are not currencies and are not legal payment instruments as per đá bóng trực tiếp laws of Vietnam. đá bóng trực tiếp issuance, provision, and use of virtual currencies in general and Bitcoin, Litecoin in particular (illegal payment instruments) as currency or payment means is prohibited. Sanctions against such acts are stipulated in Decree 96/2014/ND-CP by đá bóng trực tiếp Government of Vietnam on dealing with administrative violations in đá bóng trực tiếp monetary and banking sector and Ciminal Code 2015 (as amended and supplemented). Additionally, regarding investment in virtual currencies, đá bóng trực tiếp State Bank of Vietnam has repeatedly warned that such investment carries significant risks for investors.
Simultaneously, according to Clause 6, Article 26 ofDecree 88/2019/ND-CP, amended by point d, Clause 15, Article 1 ofDecree 143/2021/ND-CP, which regulates violations of regulations on payment activities as follows:
Violations of regulations on payment activities
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- A fine ranging from 50,000,000 VND to 100,000,000 VND shall be imposed for one of đá bóng trực tiếp following violations:
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d) Issuing, providing, using illegal payment instruments that have not yet reached đá bóng trực tiếp level of criminal liability;
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Thus, it can be seen that Pi Network is not a currency and not a legal payment instrument according to Vietnamese law, so trading in Pi Network is illegal. Therefore, income from Pi Network is not subject to personal income tax.
However, note that if trading Pi Network without reaching a level warranting criminal liability, one may be fined from 50,000,000 VND to 100,000,000 VND.
Note: đá bóng trực tiếp above-mentioned fine applies to individuals; đá bóng trực tiếp fine for organizations is 2 times đá bóng trực tiếp fine for individuals (point b, Clause 3, Article 3 ofDecree 88/2019/ND-CP).
Does đá bóng trực tiếp Ministry of Finance of Vietnamlead đá bóng trực tiếp research on legal documents concerning taxes related to virtual currencies?
According to Section 4, Part 2 ofDecision 1255/QD-TTg 2017concerning đá bóng trực tiếp approval of đá bóng trực tiếp Scheme for Completing đá bóng trực tiếp Legal Framework to Manage and Address Virtual Assets, Electronic Currencies, and Virtual Currencies issued by đá bóng trực tiếp Prime Minister of đá bóng trực tiếp Government of Vietnam, đá bóng trực tiếp following is specified:
TASKS
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- Research, propose amendments, supplements, and issue new legal documents on taxation concerning virtual assets, virtual currencies
a) Activity: Research, propose amendments, supplements, enact new legal documents on taxation relating to virtual assets, virtual currencies.
b) Output: Dossier requesting đá bóng trực tiếp formulation of legal documents on taxation related to virtual assets, virtual currencies in accordance with đá bóng trực tiếp Law on Promulgation of Legal Documents 2015.
c) Completion time: June 2019.
d) Lead agency: Ministry of Finance.
đ) Co-agencies: Ministry of Justice, Ministry of Information and Communications, Ministry of Industry and Trade, Ministry of Public Security, Ministry of Science and Technology, Ministry of Planning and Investment, State Bank of Vietnam, Supreme People's Procuracy, Supreme People's Court, Vietnam Chamber of Commerce and Industry, Vietnam Small and Medium Enterprise Association and other ministries and central authorities concerned.
Thus, đá bóng trực tiếp Ministry of Finance is tasked with researching, proposing amendments, supplements, and issuing new legal documents concerning taxes related to virtual assets and virtual currencies.
