Vietnam Warns Against Bitcoin, Invokes the Ghost of Gox
Vietnam's State Bank has issued another statement warning against bitcoin, blocking credit institutions from offering any digital currency services. Authorities had already issued a strong warning back on 14th February, stating that the government and State Bank did not recognize bitcoin as a legitimate method of payment. It also contained all the usual admonitions about money laundering, tax evasion, illicit trade, and the risk of speculation. Consumers would have no protection in the event of investment loss, the statement says. It stopped short of explicitly banning anyone other than....
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PRESS RELEASE. Poltergeist Exchange has partnered with GHOST by McAfee to bring a private stable coin and privacy dex to the GHOST by McAfee blockchain. Poltergeist Exchange has released their native token GHOUL, and are developing and releasing a side chain with the same name for Ghost by McAfee. Side chains for GHOST will open up a variety of interaction possibilities including a full privacy dex using atomic swaps to flawlessly execute cross chain transactions, a private stabled coin, GHOSTDAI, that is pegged and backed 1:1 with DAI, and more. “When I was setting the vision for....
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....
In a statement, the Department of Electronic Commerce and Information Technology in Vietnam has warned Vietnamese citizens against engaging in investments or the buying and selling of Bitcoin and digital currencies. The Vietnam e-Commerce and Information Technology Agency – which falls under the purview of the Ministry of Industry and Trade (MOIT) – serves as a regulator to support state management and the enforcement of functions concerning e-commerce and IT to serve the Ministry while in accordance with the laws and regulations. In a recent press release, the agency warned against the....
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.....
Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are in trouble, local media reported, quoting entrepreneurs and mining enthusiasts.
Cryptocurrency Miners Hit by The Merge, Vietnam Report Reveals
Vietnam’s crypto miners have suffered heavy losses with their mining rigs now shut off after the second-largest cryptocurrency by market capitalization switched to a more energy-efficient framework, VN Express noted in....