Vietnam forbids Bitcoin transactions
In mid-February, the Vietnamese government issued a statement explicitly prohibiting residents from using Bitcoins at all within the country. According the Vietnamese central bank, only the national currency, the Vietnamese dong, can be used as a form of payment. According to the bank’s legal interpretation, then, Bitcoin constitute an illegal form of payment. “The State Bank of Vietnam has reported it to the Government and sent an official note warning about the risks in the Bitcoin using transactions and affirming that the Vietnamese Government does not recognize and allow the Bitcoin....
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Vietnam's premier exchange Bitcoin Vietnam Co Ltd has added wallet functionality in a bid to make storage simpler and encourage day-to-day digital currency spending in the country. Notably, users of Bitcoin Vietnam Wallet will be able to send bitcoins to others on the platform in instant 'off-chain' transactions using recipients' bitcoin or email addresses. Off-chain transactions occur near instantly, outside the bitcoin block chain with its delayed confirmation times. Users will also be able to sell the bitcoins in their wallets directly on the Bitcoin Vietnam exchange, without needing to....
State Bank of Vietnam. Source: Adam Eales. Vietnam is not looking like fertile ground for bitcoin growth, it seems. The State Bank of Vietnam, along with the Government, have said that they do not recognize bitcoin as a legitimate means of payments in Vietnamese territories. The news was reported last week by the Authority of Foreign Information Service (AFIS), who also note that the use of bitcoin in Vietnam is forbidden (bold emphasis ours): The State Bank of Vietnam has reported it to the Government and sent an official note warning about the risks in the Bitcoin using transactions and....
Bitcoin ATM operator EasyBit said today it plans to install three new bitcoin ATMs in Vietnam. The company already operates one machine in Ho Chi Minh City, the country’s largest city. At the same time, it announced a partnership with local exchange Bitcoin Vietnam to supply all four machines. EasyBit already operates over 60 bitcoin ATMs in over 10....
From the VVN facebook page. TheLitecoin community has raised over 120 Litecoins for the Gò Vấp Orphanage in Vietnam. That's about $1500 USD! The goal of 100 LTC was met on February 25 when Charlie 'Coblee" Lee donated 50 LTC. Here's their charity project video. The Vietnam Volunteer Network will assist in transferring the funds to Gò Vấp. They work to raise funds and support the Gò Vấp Orphanage, helping to support orphans, many with Agent Orange related illnesses including hydrocephalus, malformations, and physical & mental disabilities, as well as children injured by landmines.....
A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions.
Vietnam to Expand Implementation of Blockchain Technologies
Vietnam Blockchain Association, the first such entity in the country’s crypto space, was launched in the capital city Hanoi on Tuesday, when it held its first congress.....