News
Vietnam detained ONUS-linked suspects in an alleged token fraud case as police described price manipulation, false promotions and centralized market control.
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Vietnam News
Vietnam is a socialist country in Southeast Asia with a population of 94.6 million and an area of 331 thousand kilometers. Vietnam has a strong socialist-oriented market economy. Vietnam is considered to be one of the fastest growing economies — in terms of nominal gross domestic product and GDP per capita — since its shift from a command to a mixed economy. It is also an attractive place for foreign investments and is a large agricultural exporter. Vietnam has no Bitcoin trading or holding regulations. Bitcoin in Vietnam is allowed to be used as a good or an asset. Vietnamese Bitcoin exchanges, such as Bitcoin Vietnam and VBTC, are working without any limitations. Also, Vietnam does not restrict Bitcoin mining but made it illegal to use as a means of payment as well as to issue other digital currencies for their usage as a means of payment.
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Five companies, including bank affiliates and a major conglomerate, are competing for Vietnam’s first crypto exchange licences as authorities plan to restrict offshore trading.
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Vietnam’s Finance Ministry proposes a 0.1% tax on crypto transfers, 20% corporate tax on profits and tough licensing standards for digital asset exchanges.
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The licensing move operationalizes Vietnam’s crypto pilot, though regulators have yet to confirm receiving or approving any exchange applications.
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Vietnam’s crypto pilot gets no takers, with steep capital rules and bans on stablecoins and tokenized securities limiting interest.
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Vietnam is one of the leading countries for crypto adoption in the Asia-Pacific (APAC) region and ranks number four globally, according to Chainalysis.
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Vietnam is reportedly closing 86 million bank accounts. Crypto advocates see it as the latest reason everyone should hold Bitcoin.
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Vietnam has adopted a five-year crypto pilot that takes effect immediately and bans the issuance of assets backed by fiat currencies or securities.
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Family offices across Asia are boosting digital asset exposure, driving new crypto funds, exchange activity, and shifting adoption beyond retail-led growth.
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Military Bank, a Vietnamese state-controlled lender, has partnered with the parent company of South Korea’s Upbit exchange, Dunamu, to develop a cryptocurrency exchange.
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Vietnam’s police said they arrested 20 people in the country’s largest crypto scam, a multibillion-dollar Ponzi scheme built around Paynet Coin.
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Vietnam will use the NDAChain network to power a decentralized identity solution that allows digital contract signing and counterparty verification.
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Vietnam has passed a sweeping digital technology law that legalizes crypto assets and outlines incentives for AI, semiconductors and infrastructure.
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Vietnamese police arrest crypto mining scammers, Springfield warns about ATM fraud and Hong Kong busts AI-related scams.
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Vietnamese police thwarted a crypto scam that has already taken in $1.17 million, saving 300 potential victims and uncovering fictitious tokens.
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