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Vietnam Cryptocurrency Ban

Vietnam Cryptocurrency Ban. Vietnam's ministry of finance (mof) has proposed a sweeping, albeit temporary, ban on the import of cryptocurrency mining equipment, according to local reports this week. This is expected to affect the impact of the.

Vietnam Is The Latest Country To Announce A Crypto Ban Finance Magnates
Vietnam Is The Latest Country To Announce A Crypto Ban Finance Magnates from www.financemagnates.com
Use of cryptocurrencies have been banned as illegal by state bank of vietnam with an additional imposition of fine on people caught using these digital tokens from early 2018. The cryptocurrency scene in vietnam came under the government's scrutiny at the beginning of the year, after a series of devastating scams shook the. Earlier this month, the central backed this decision. Sbv sides with mof and moit in june 2018, vietnam's ministry of finance (mof) called for a ban the mof determined that cryptocurrency. Cryptocurrency arrived in vietnam in 2009, and the likes cryptos started to appear in the form the government of vietnam cites many official reasons for the need for regulations and ban them as a.

Vietnam appears to be emulating china's clampdown on virtual currency, of which the country banned cryptocurrency initial coin offerings (icos) in september for disrupting financial order.

Vietnam is going to be in a similar line as china and south korea. The ssc in vietnam banned public companies, fund management companies, securities companies as well as securities investment funds from participating in activities. The asian country's central bank has issued a statement. This is expected to affect the impact of the. As cwj has reported before, many countries such as venezuela have changed their import policies. The ban on crypto mining equipments.

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