“Soft Fences”: Safeguarding Digital Asset Investors from Fraudulent Projects

As the digital asset market rapidly evolves, Nguyen Minh Tuan, Head of the Vietnam Digital Asset Investors Community (VIDA), emphasizes that knowledge and risk management skills serve as the essential "soft barrier" protecting investors from herd mentality and tech-disguised fraudulent schemes.

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On January 15th, the Vietnam Digital Asset Investors Community (VID) and the book “In Search of Satoshi” were officially launched. This initiative aims to share knowledge, foster a platform for in-depth discussions, and promote responsible investing in the cryptocurrency market, contributing to its sustainable growth.

According to Mr. Phan Đức Trung, Chairman of VBA and 1Matrix, the current landscape demands investors to swiftly and proactively enhance their knowledge. This is crucial for self-protection in a novel, enticing yet risky market like digital assets.

“There’s no better way to safeguard investors than for them to arm themselves with knowledge, resist herd mentality, and heighten personal data security awareness,” Mr. Trung emphasized.

Mr. Nguyễn Minh Tuấn, Head of VIDA

Echoing this sentiment, Mr. Nguyễn Minh Tuấn, Head of VIDA, stated that as the digital asset market expands rapidly, knowledge and risk management skills act as a “soft barrier.” This helps investors avoid being swayed by herd behavior and falling prey to tech-disguised scams.

“With Vietnam’s digital asset market gradually being regulated, VIDA’s establishment is expected to foster a healthy investment culture. This will lay the groundwork for the market’s sustainable development in the coming phase,” shared Mr. Nghiêm Minh Hoàng, Fintech Application Expert at VBA.

At the event, Mr. Nguyễn Cảnh Bình, Chairman of Alphabooks, revealed that bringing “In Search of Satoshi” to Vietnamese readers isn’t about uncovering an individual’s identity. Instead, it aims to provide essential foundational thinking for those engaged in or interested in the digital asset market.

He believes that in a fast-evolving market, understanding core principles enables investors to approach digital assets more rationally, rather than solely through a short-term speculative lens.

Ms. Nguyễn Vân Hiền, Vice Chairwoman and Secretary-General of VBA, opined that market maturity hinges not only on policies but also on how the investor community chooses to act.

Ms. Hiền underscored the role of individuals as “Satoshi of the era” in the digital asset market.

“In a decentralized market, every knowledgeable, law-abiding, and responsible investor helps shape the market’s collective identity. In this sense, each person can become a ‘Satoshi of their era’,” Ms. Hiền shared.

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