Topic: Bitcoin in Vietnam (Read 620 times)
Its good news for me,,i hope vietnam will be succes with bitcoin.. Always suport for vietnam..
Starting 2018, using cryptocurrencies like Bitcoin in Vietnam will be illegal and subject to a $9,000 fine
The State Bank of Vietnam (SBV) has amended its monetary regulations to make Bitcoin and similar virtual currencies illegal. In an announcement revealed today – it is now illegal to issue, supply or otherwise use Bitcoin because it has been designated as an illegal means of payment. The SBV notice clarified that the only officially accepted means of payment in Vietnam are checks, payment orders, payment orders, collection orders, bank cards as well as any other payment instruments approved by the State Bank. The move against cryptocurrencies follows similar bans on centralized virtual currencies, often used for gaming or gambling, as well.
While no other altcoins like ZCash, Ethereum, Litecoin, Ripple, and others are specifically named, it’s pretty clear that Vietnam is also considering these other cryptocurrencies to be illegal means of payment, as well. What’s the penalty for using illegal means of payment? 150 million to 200 million VN – which translates to roughly $9,000 USD.
The State Bank of Vietnam (SBV) has amended its monetary regulations to make Bitcoin and similar virtual currencies illegal. In an announcement revealed today – it is now illegal to issue, supply or otherwise use Bitcoin because it has been designated as an illegal means of payment. The SBV notice clarified that the only officially accepted means of payment in Vietnam are checks, payment orders, payment orders, collection orders, bank cards as well as any other payment instruments approved by the State Bank. The move against cryptocurrencies follows similar bans on centralized virtual currencies, often used for gaming or gambling, as well.
While no other altcoins like ZCash, Ethereum, Litecoin, Ripple, and others are specifically named, it’s pretty clear that Vietnam is also considering these other cryptocurrencies to be illegal means of payment, as well. What’s the penalty for using illegal means of payment? 150 million to 200 million VN – which translates to roughly $9,000 USD.
Well you can either listen to authority or carry on and do business as you please. Not sure how they will prove anything as long as you didn't fill out KYC like a moron. You give people freedom in their transacting and they rush in to pay taxes to their masters. Unbelievable. If this news scares you off Bitcoin you had better get some fiat and do what your told slave.
Since the state regulations on fining this behavior, these ATM shops only buy bitcoin in cash. When asked whether the purchase was illegal or not, the staff at the site said they do not list the price of bitcoin.
This is not a good news for cryptocurrency and holders of cryptos in vietnam ,because there is an institution that started to operate for cryptocurrency , but the gonvernment is furious about it and charge with illegal operations and will be fined , this is a back leap for cryptos in the country of vietnam.
Starting 2018, using cryptocurrencies like Bitcoin in Vietnam will be illegal and subject to a $9,000 fine
The State Bank of Vietnam (SBV) has amended its monetary regulations to make Bitcoin and similar virtual currencies illegal. In an announcement revealed today – it is now illegal to issue, supply or otherwise use Bitcoin because it has been designated as an illegal means of payment. The SBV notice clarified that the only officially accepted means of payment in Vietnam are checks, payment orders, payment orders, collection orders, bank cards as well as any other payment instruments approved by the State Bank. The move against cryptocurrencies follows similar bans on centralized virtual currencies, often used for gaming or gambling, as well.
While no other altcoins like ZCash, Ethereum, Litecoin, Ripple, and others are specifically named, it’s pretty clear that Vietnam is also considering these other cryptocurrencies to be illegal means of payment, as well. What’s the penalty for using illegal means of payment? 150 million to 200 million VN – which translates to roughly $9,000 USD.
Now it in this country not lawful, but in other countries it lawful therefore if it is necessary, people will go to other country and will remove to themselves the necessary sum of money. Don't get too upset about it. The State Bank of Vietnam (SBV) has amended its monetary regulations to make Bitcoin and similar virtual currencies illegal. In an announcement revealed today – it is now illegal to issue, supply or otherwise use Bitcoin because it has been designated as an illegal means of payment. The SBV notice clarified that the only officially accepted means of payment in Vietnam are checks, payment orders, payment orders, collection orders, bank cards as well as any other payment instruments approved by the State Bank. The move against cryptocurrencies follows similar bans on centralized virtual currencies, often used for gaming or gambling, as well.
While no other altcoins like ZCash, Ethereum, Litecoin, Ripple, and others are specifically named, it’s pretty clear that Vietnam is also considering these other cryptocurrencies to be illegal means of payment, as well. What’s the penalty for using illegal means of payment? 150 million to 200 million VN – which translates to roughly $9,000 USD.
Ho Chi Minh City-based cryptocurrency exchange Bitcoin Vietnam, which was officially launched on July 9, 2014, is currently facing an ordeal after being approached by governmental authorities for having ‘operating a blog without a proper license.’
Old news.
Also, copy pasted from: https://www.reddit.com/r/ethtrader/comments/798mxy/daily_general_discussion_october_28_2017/dp1e9af/
Also, copy pasted from: https://www.reddit.com/r/ethtrader/comments/798mxy/daily_general_discussion_october_28_2017/dp1e9af/
Nothing different from the oginal news and last news i heard regarding cryptocurrency in vietnam
Governmnet aren't totally ban cryptocurrency crypto is under study by the vietnam the importance
For sure vietnam accept crypto as legal tenders
I do not think it can be banned. Virtual money is a time trend, sooner or later will have to accept it, the problem now is time only.
Vietnamese finally waited in his territory bitcoin is planned to put 3 bitcoins of the machine in the near future! for students for tourists and for miners!
Starting 2018, using cryptocurrencies like Bitcoin in Vietnam will be illegal and subject to a $9,000 fine
The State Bank of Vietnam (SBV) has amended its monetary regulations to make Bitcoin and similar virtual currencies illegal. In an announcement revealed today – it is now illegal to issue, supply or otherwise use Bitcoin because it has been designated as an illegal means of payment. The SBV notice clarified that the only officially accepted means of payment in Vietnam are checks, payment orders, payment orders, collection orders, bank cards as well as any other payment instruments approved by the State Bank. The move against cryptocurrencies follows similar bans on centralized virtual currencies, often used for gaming or gambling, as well.
While no other altcoins like ZCash, Ethereum, Litecoin, Ripple, and others are specifically named, it’s pretty clear that Vietnam is also considering these other cryptocurrencies to be illegal means of payment, as well. What’s the penalty for using illegal means of payment? 150 million to 200 million VN – which translates to roughly $9,000 USD.
The State Bank of Vietnam (SBV) has amended its monetary regulations to make Bitcoin and similar virtual currencies illegal. In an announcement revealed today – it is now illegal to issue, supply or otherwise use Bitcoin because it has been designated as an illegal means of payment. The SBV notice clarified that the only officially accepted means of payment in Vietnam are checks, payment orders, payment orders, collection orders, bank cards as well as any other payment instruments approved by the State Bank. The move against cryptocurrencies follows similar bans on centralized virtual currencies, often used for gaming or gambling, as well.
While no other altcoins like ZCash, Ethereum, Litecoin, Ripple, and others are specifically named, it’s pretty clear that Vietnam is also considering these other cryptocurrencies to be illegal means of payment, as well. What’s the penalty for using illegal means of payment? 150 million to 200 million VN – which translates to roughly $9,000 USD.
Bitcoin banned in Vietnam because of the News of ICO fraud nationwide ,wherein investors have been lose big amount of money. Vietnam was then fallout all their Bitcoin miner imports and to investigate the scam. If ever it Will be cleared, maybe in the future , hopefully Vietnam Will again a friendly Bitcoin and or still have the possibility that xietnam Will pursue their projects of mining cryptocurrencies.
I think bitcoin will spread around the world. But many county already ban bitcoin and Vietnam, currently does not allow the use of bitcoin as currency.
Everyone is responsible for the decision to use Bitcoin and altcoin.
Everyone is responsible for the decision to use Bitcoin and altcoin.
Never mind if bitcoin will legalized in there country of vietnam I think the leader of the country will studying the future and fast transactions upon bitcoin related.So it is a great idea for the vietnamise people will allow become a legit in there country soon.
Vietnam is one of the most strong country regarding to their position about matters i remember wayback when vietnam use to take advices and teachings about their economy from other asian countries like Philippines,filipino use to teached vietnam how to plant rice and used to import rice too,but now that same country is exporting rice from vietnam meaning they're progress is determined and thats why i believe that vietnams position to cryptocurrency is for the sake of their countrymen
Vietnam's rapidly growing bitcoin scene adds the country’s first bitcoin exchange which offers traders leveraged trades, as they look to become the regional leader.
Well, it's good. Let them develop bitcoin in their country, and then the rate will grow at the global level. Good luck to them, I hope they will succeed.
I think bitcoin will spread around the world. Bitcoin has a lot of expansion in the market. However, in many countries, this bitcoin has been considered illegal. I do not know if this bitcoin has reached Vietnam. What do you know?
I am quite concerned about reading this news. I hope this cryptocurrency ban only happens in Vietnam. I don't imagine if I live there, it would be too sad with these rules and policies. hopefully it won't happen again in other countries.
Vietnam's rapidly growing bitcoin scene adds the country’s first bitcoin exchange which offers traders leveraged trades, as they look to become the regional leader.
I think this news is somewhat old I think. These kinds of things can't stop, one day all the countries have to accept cryptocurrencies and these small countries will be too late at that time as developed countries will lead crypto world as they have already allowed investments legally
I feel sorry for our Vietnamese brother, they are one of the strong user and participants in the cryptocurrency, because they are technology driven, but I don't think their government can stop, their people are to good and to wise to evade arrest from trading on Bitcoin, hopefully, it will be resolved soon.
In Vietnam, there are some bitcoin trading floors, but few investors. Since the state regulations on fining this behavior, these ATM shops only buy bitcoin in cash. When asked whether the purchase was illegal or not, the staff at the site said they do not list the price of bitcoin products, while buying cash bitcoin is like buying a product and still There is no regulation for them to sell.
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