Archive | vietnam

State Bank of Vietnam Moves to Ban Digital Currency Use

Without any prior warning, it appears the State Bank of Vietnam has recently submitted a legislative proposal to the country’s government meant to ban a wide range of digital currency-related activities. Expensive Fines to be given Recent reports indicate that starting January 1, the supply, issuance, and use of Bitcoin and other digital currencies as a method of payment […]

Vietnam Will Legalize Cryptocurrencies and Digital Assets By August 2018

Legalizing cryptocurrency remains a topic of substantial debate on a global scale. Although Japan successfully legalized cryptocurrencies a while back, no other country has suddenly felt the need to do the same. Vietnam is one country which plans to fully legalize all cryptocurrencies in the not-so-distant future. The government will also legalize digital assets, which bodes […]

Bank of Thailand Ordered to Relax Strict Rules and Study Bitcoin

The Bank of Thailand has been ordered by Thailand’s Deputy Prime Minister to look closer at bitcoin and relax its strict rules which hinder fintech innovation. Also read: Revised Tax in Effect From Today In Japan, Giving Residents ‘Access to Global Markets’ Thai Central Bank Ordered to Study Bitcoin The Thai Deputy Prime Minister Somkid Jatusripitak […]

Onecoin Operators Get In Trouble Again In Three More Countries

The accused Ponzi scheme Onecoin is starting to get into more trouble these days as the fraudulent operations are becoming more apparent than ever. Just recently Vietnamese officials have reported Onecoin has forged an official license to operate in Vietnam during a One Life investor’s event held last week in the region. Also read: Buyer Beware! […]