The State Securities Commission (SSC) has required relevant companies and funds not to engage in any issuance, transaction or brokerage activities related to cryptocurrencies.
The Blockchain Festival to be organised in HCM City on May 24-25 is expected to open up new opportunities to develop the world’s leading software platform for digital assets and cryptocurrencies in Viet Nam.
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.
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.
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.