Vietnam Rejects Bitcoin, Says Its Use in Vietnamese Territory is Forbidden
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....
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Vietnam is creating a legal framework for cryptocurrency. The country’s deputy prime minister has instructed the Ministries of Finance, Justice, and Information & Communications to work with the central bank, the State Bank of Vietnam, on the framework.
Vietnam Creating Legal Framework for Crypto
Vietnamese Deputy Prime Minister Le Minh Khai reportedly notified three ministries last week instructing them to work with the central bank, the State Bank of Vietnam, and other relevant bodies to build a legal framework for cryptocurrencies. The three ministries are....