French retail giant Auchan has expanded its blockchain products’ traceability solution after successful a 18-month pilot in Vietnam.
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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An exchange says cultural and linguistic barriers are stopping blockchain technology from thriving worldwide and has launched a platform to reach the masses.
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The innovation wing of Vietnam’s largest telecoms operator Viettel aims to become the country’s leading blockchain provider in the next five years.
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South Korean police have raided the office of a local firm whose alleged crypto scam promised investors the spoils of a sunken Russian warship.
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Vietnam is the scene of another major cryptocurrency fraud after a mining firm CEO reportedly absconds with investor and company funds.
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by Helen Partz
The central bank of Vietnam has suspended imports of cryptocurrency mining hardware to prevent the use of crypto as payment.
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Vietnam’s Ministry of Finance has proposed a temporary blanket ban on imports, citing concerns over regulatory difficulties, local media reports.
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Hanoi’s Department of Industry and Trade has banned individuals and organizations from using cryptocurrencies to settle transactions online.
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The Vietnamese Prime Minister has called for tougher measures on crypto, amid reports of a $658 mln ICO scam which, if true, would be world’s largest crypto sca...
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A Vietnamese scam operation allegedly stole $600 mln from 32,000 investors before disappearing March, in what would be crypto’s largest scam to date.
- Regulations
Morocco have banned transactions using cryptocurrencies - citing significant risks due to a lack of regulation
- ICO watch
by Nick Ayton
ICO landscape is shifting, and founders must be aware of securities laws or face the consequences.
- Regulations
by Alex Gao
In making all Bitcoin payments illegal, Vietnam does harm to its own institutions.
- Regulations
Vietnam’s central bank, State Bank of Vietnam has declared the use of digital currencies in the country as illegal.
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