Vietnam has second highest rate of cryptocurrency use worldwide

VOV.VN - Despite experts issuing frequent warnings about the possible risks relating to the use of cryptocurrencies, especially cybercrime linked to Bitcoin, the use of the digital currency is once more booming again domestically as investors try to reap the benefits of the online asset.

The price of Bitcoin has risen to US$63,131, reaching an all-time high in the process. Coupled with the emergence of Pi, a new digital currency, the Vietnamese crypto market witnessed a large influx of new investors during the early months of the year.

A survey of global consumer data company conducted by Statista shows that the country has the second highest rate of Bitcoin use in the world, behind only Nigeria. Due to millions of US dollars traded in the virtual currency each month, Bitcoin exchanges have become a target for cybercriminals.

Chris Connell, managing director of Kaspersky Asia Pacific, believes that there will be an increase in the number of new virtual currency investors in Southeast Asia, and Vietnam is one of the leading countries following this trend. He also advises potential investors to be aware of the security risks related to Bitcoin use.

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