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.
One crypto mining rig seller in Vietnam has reportedly seen its sales triple in early September, with GPUs selling at premium prices.
Crypto mining demand soars in Vietnam amid Bitcoin rally
The report indicates that the adoption of crypto assets jumped 880% worldwide, with peer-to-peer platforms driving cryptocurrency usage in emerging economies.
Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index
Financial product comparison website Finder.com has released its latest crypto report, where it evaluated adoption trends across 27 countries in Europe, Asia an...
Vietnam leads crypto adoption in Finder's 27-country survey
Vietnamese news outlets have reported that the country's prime minister, Phạm Minh Chính, has tasked the State Bank of Vietnam with studying and conducting a pi...
Report: Vietnam's PM asks State Bank to trial digital currency on the blockchain
Chainalysis tracked total U.S. dollar gains made by Bitcoin investors in 2020. The country comparison was drawn from an analysis of web traffic on various crypt...
Small countries are punching above their weight in terms of Bitcoin gains
A 17GB personal data leak reportedly sprung from the Pi Network mobile app.
Mobile crypto ‘mining’ app possibly connected to personal data leak
The DeFi market continues to heat up, with Alameda Research identifying Southeast Asia as a potential growth hub.
Alameda Research invests $4M in Vietnamese DeFi project