Tag: "bitcoin"

Uber, Grab, Bitcoin and Vietnam’s digital economy

Uber, Grab, Bitcoin and Vietnam’s digital economy

The fierce opposition by traditional taxi firms to Uber and Grab, the uncertainty of state management of bitcoins, and the number of Vietnamese starting up businesses in Singapore all show that it is necessary to amend the legal framework in the context of the digital economy.

SBV says bitcoin prohibited in Vietnam

SBV says bitcoin prohibited in Vietnam

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 Vietnam.

Vietnam’s central bank outlaws Bitcoin

Vietnam’s central bank outlaws Bitcoin

The State Bank of Vietnam has said Bitcoin is banned in the country and those who break this rule will be subject to fines or even criminal charges, following an announcement by a private local university to accept the digital currency as tuition.

Jury still out on cryptocurrency in Vietnam

Jury still out on cryptocurrency in Vietnam

The use of cryptocurrency and blockchains in Vietnam is currently limited to just one percent of the total population, though experts anticipate that the number could grow to 30 million users in the next ten years.

Experts worry over e-money’s red-hot growth

Experts worry over e-money’s red-hot growth

Experts voiced real concern over safety and legal status of e-money since Bitcoin, a form of cryptography-based e-money, is believed to potentially cause risks for users due to its highly volatile value.

First online trading floor in Vietnam illegal

First online trading floor in Vietnam illegal

(VOV) - The Ministry of Industry and Trade (MoIT) has warned the first online Vietnam Bitcoin Trading Centre (VBTC) is illegal and all of its trading activities are not protected by law.