According to the United Nations Office on Drugs and Crime (UNODC), the total value of money laundering activities globally each year can be equal to 2-5 per cent of world GDP, equivalent to US$800 billion to $2 trillion.
The Ministry of Finance is studying the legal framework for managing cryptocurrencies on stock exchanges which would pave the way for legal cryptocurrency transactions in Viet Nam.
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.
Viet Nam has intensified inspections on cryptocurrency transactions as trading and investments using this payment system are on the rise in the country.
