Legal framework needed to better manage cryptocurrency market

Wednesday, Jun 23, 2021

A delay in issuing official legal regulations on managing cryptocurrencies will cause a rise in the risks of fraud and theft related to virtual assets, experts have warned.

Experts warn of risks with cryptocurrency trades

Friday, Mar 12, 2021

Cryptocurrencies are booming in Viet Nam as investors consider them promising investments while government agencies and experts warn of their risks.

Viet Nam stops bitcoin mining imports

Monday, Aug 13, 2018

Vietnamese businesses and individuals have stopped importing bitcoin mining equipment to the country since the beginning of July, according to the HCM City Customs Department.

MoF targets bitcoin machines

Wednesday, Jun 06, 2018

The Ministry of Finance (MoF) has proposed to temporarily halt the import of bitcoin mining machines to improve the management of bitcoin and cryptocurrency transactions.

PM signs directive on strengthening management of cryptocurrency

Thursday, Apr 12, 2018

PM Nguyen Xuan Phuc has signed a directive on strengthening the management of activities related to Bitcoin and other similar virtual currencies.

Experts warn Vietnamese investors of bitcoin bubble

Friday, Dec 22, 2017

Investors of bitcoin in particular and cryptocurrencies in general should be aware of the possible risks involved in addition to rapidly increasing profits, experts have warned.

SBV says bitcoin prohibited in Viet Nam

Monday, Oct 30, 2017

According to the State Bank of Vietnam (SBV), the issuance, supplement and use of bitcoin and other similar virtual currencies for legal payment is prohibited in Viet Nam.

Jury still out on cryptocurrency in Viet Nam

Tuesday, Sep 19, 2017

The State Bank of Vietnam (SBV) has clearly stated that unlike legal tenders, cryptocurrencies such as bitcoin are not considered real money and thus not recognised as payment methods in Vietnamese law.

Gov’t considers recognising bitcoin in VN

Thursday, Aug 24, 2017

Prime Minister Nguyen Xuan Phuc this week approved the plan to scrutinise and streamline the legal framework for the management of cryptocurrencies such as bitcoin in Viet Nam.

MOIT issues warning on virtual currencies

Monday, Mar 14, 2016

The industry and trade ministry''s E-commerce and Information Technology Agency (VECITA) has warned consumers and investors to be cautious while purchasing virtual currencies on e-commerce websites.

SBV yet to act on bitcoin exchange

Wednesday, Jul 23, 2014

It''s been a week since the Viet Nam real-time bitcoin exchange was launched, but the public is yet to see the authorities take action against crypto-currencies as they had promised.

State Bank to crack down on bitcoin exchange

Saturday, Jul 12, 2014

The State Bank of Viet Nam will work with the public security forces to seize operators of the Viet Nam real-time bitcoin exchange (VBTC) that was launched on Wednesday.

Bitcoin trading floor to be established in April

Thursday, Mar 27, 2014

Bitcoin Vietnam Joint Stock Company, in partnership with Israeli company Bit2C, has established the first online Bitcoin trading floor (VBTC) in Viet Nam, according to its recent press release.

Virtual currency industry faces regulatory scrutiny in Singapore

Monday, Jun 10, 2013

The online currency industry - making cash transfers via the Internet or using virtual currency like Bitcoins - is booming but is poorly regulated, as highlighted by the shady activities revealed in the Liberty Reserve case.