Topic: And now Vietnam to legalize Bitcoin - page 6. (Read 2789 times)
It is not surprising that Vietnam began legalizing BItcoin, as Vietnam has begun using Bitcoin and has worked with Bitcoin agents and Israeli exchange since 2014, and many other small businesses in Vietnam have received payments with Bitcoin, possibly with this news going to many other countries in Asia which will follow in the footsteps of Vietnam.
I just want to ask if this is true or not. As far as I know, btc is far from familiar to the people and only one ATM station btc but not the government. But if this is a reliable source, it's really very happy.
Currently, no accurate source of information is legally recognized as a violation of the law by Bitcoin. But there are still two waves of Bitcoin that are legitimate Bitcoin and Bitcoin multi-level. If they want to handle cases showing signs of law violation or violation of State management regulations, they must have evidences and documents of law. Using, trading, owning Bitcoin in Vietnam is not a violation of law but is not adjusted. When Bitcoin is "tuned", many people will believe and understand the meaning of Bitcoin, but in fact, Bitcoin is "not adjusted" is an advantage for businesses because Bitcoin transaction costs are low, not tolerate. Any tax, paid nationwide, in particular, is not bound by any applicable law.
The State Bank of Vietnam issued a press release in February 2014 confirming the use of Bitcoin virtual currency as a payment instrument not recognized and protected by law, without referring to the Bitcoin transaction. is a violation of any provision of the law of the State of Vietnam.
By 2019, Vietnam is truly integrated into the world
By 2019, Vietnam is truly integrated into the world
Wow this is great news. I generally take a trip there every few years. Next time I'm there I will keep a look out too see how it is being accepted!
Vietnam's move is another sign that Bitcoin and electronic currencies in general are on the way to becoming a true global currency.
This is great news. It is legal here in the Philippines. I'm not sure about other ASEAN members but I definitely haven't heard it being banned by any of our neighbors. One more member legalizing it would hopefully encourage the others to join in.
I'd like to be more hopeful. Maybe once all members have it legalized, the bloc would have a body overseeing the exchanges to reduce the likelihood of theft. It would be nice if exchanges within the bloc have some sort of arrangement to reduce transfer time between them and reduce fees as well.
I'd like to be more hopeful. Maybe once all members have it legalized, the bloc would have a body overseeing the exchanges to reduce the likelihood of theft. It would be nice if exchanges within the bloc have some sort of arrangement to reduce transfer time between them and reduce fees as well.
Earlier vietnam was very skeptical about bitcoin just like China and Russia.But now,it has changed its stand and has decided to legalize bitcoin.It is said that new regulations would be implemented by the year end.
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
That is a great news. I can see a wonderful opening of 2018. More and more countries are starting to review Bitcoin and eventually accepts it as a method of payment. I just hope that Vietnam will utilize Bitcoin to its fullest could propagate the knowledge about Bitcoin through its citizens. I am foreseeing a price increase.
News like this are those I want to always see in the forum but at the same time, the implementation is what mattered rather than this proposal as I see its not happening any time soon until 2018. I hope to see this come into fruition eventually and see the effect its going to have on the crypto space in general. But at the same time one should be mindful because decisions can change anytime with recourse to those who relied on it.
Great news, more demand of Bitcoin from Vietnam and then we grow in value and investment. IT couldn't get better than this. Whether it will be effective 2018 or now it is still commendable and it's going to impact our wallets.
What do you mean by "legalise"? Surely it is legal until it is made illegal.
Here is a description of legal tender in the UK -
So you can't pay your court fines using Bitcoin, but shops can accept them if they choose to.
Here is a description of legal tender in the UK -
Quote
Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender. It does not mean that any ordinary transaction has to take place in legal tender or only within the amount denominated by the legislation. Both parties are free to agree to accept any form of payment whether legal tender or otherwise according to their wishes. In order to comply with the very strict rules governing an actual legal tender it is necessary, for example, actually to offer the exact amount due because no change can be demanded.
So you can't pay your court fines using Bitcoin, but shops can accept them if they choose to.
Earlier vietnam was very skeptical about bitcoin just like China and Russia.But now,it has changed its stand and has decided to legalize bitcoin.It is said that new regulations would be implemented by the year end.
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
It is a very good start, now many people are familiar with bitcoin and there will be more people who will use it.
Earlier vietnam was very skeptical about bitcoin just like China and Russia.But now,it has changed its stand and has decided to legalize bitcoin.It is said that new regulations would be implemented by the year end.
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
It is a very good start, now many people are familiar with bitcoin and there will be more people who will use it.
That's one small step for man, one giant leap for Bitcoin!
More countries will follow Vietnam. I am very curious to see what it's gonna change in the use of the bitcoin in the country and how mainstream population will adopt the new currency.
More countries will follow Vietnam. I am very curious to see what it's gonna change in the use of the bitcoin in the country and how mainstream population will adopt the new currency.
News like this are those I want to always see in the forum but at the same time, the implementation is what mattered rather than this proposal as I see its not happening any time soon until 2018. I hope to see this come into fruition eventually and see the effect its going to have on the crypto space in general. But at the same time one should be mindful because decisions can change anytime with recourse to those who relied on it.
Earlier vietnam was very skeptical about bitcoin just like China and Russia.But now,it has changed its stand and has decided to legalize bitcoin.It is said that new regulations would be implemented by the year end.
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
Now it is starting many countries that will legalize bitcoin because of the many transactions that occur. I think the government will also take advantage of it all.
This is good stuff man. The more legitimacy BTC gains around the globe, the more it will grow. It will become more stable as a result, thus making it more practical.
Earlier vietnam was very skeptical about bitcoin just like China and Russia.But now,it has changed its stand and has decided to legalize bitcoin.It is said that new regulations would be implemented by the year end.
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
Strange that Vietnam has decided to now make a move and that will extend to next year but while it's a good move, and this shall give a boost for Bitcoins, it will be interesting to see what kind of regulations do they apply. Will they have a ease way of doing business or will they imply lot of restrictions, I hope other countries follow suit, but I fear soon we shall not have a free bitcoins world.
Legalization is a must for mainstream adoption, but we have to see also how restrictive will be it regulation.
Earlier vietnam was very skeptical about bitcoin just like China and Russia.But now,it has changed its stand and has decided to legalize bitcoin.It is said that new regulations would be implemented by the year end.
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018
I saw this yesterday on MadBitcoin's show on the World Crypto Network which I recommend btw:
https://www.youtube.com/watch?v=LtGJBjGQXq4
It's a good way to keep up with everything relevant that happens on a daily basis without having to read anything. I like to watch these videos while I do other things like a radio program.
As far as Vietnam accepting bitcoin goes.. well the more acceptance the better, we'll see what impact it has on the market.
I do not like Thomas's tone of speech. He should just talk without any antics. Yes, it is very informative... but I fall asleep
after the first 10 minutes. I hope Vietnam will follow the same route as Japan... just leave the damn thing to grow on it's
own and welcome the extra tax income that are being generated from this. {Bitcoin tourist income}
Maybe not now, but in near future Vietnam will surely legalize bitcoin. Not only Vietnam, but all the countries will bound to make it legalize and it will be only because of people demand. Videos on bitcoin like these on youtube surely will further help bitcoin awareness among more people. I am happy to see this video and Vietnam news.
With bitcoin legalization in Vietnam certainly gives a positive signal for the development of bitcoin in southeast asia,
and of course will bring good change to the country as well as its users both in vietnam and those in various countries.
and of course will bring good change to the country as well as its users both in vietnam and those in various countries.
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