Bitcoin in Vietnam - page 5. | Bitcointalksearch.org

charlotte04

full member

Activity: 504

Merit: 102

Quote from: zxrcoin on August 12, 2018, 09:23:23 AM

recently vietnam banned and consider bitcoin as illegal. the popularity of bitcoin are rising up day by day. hopefully than the government will understand their fault.

I know that something they will try to restrain that kind of idea and will support crypto currencies because they will feel that they are being left out.

wormgummy019

member

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Merit: 10

Quote from: Edgarroni on August 08, 2018, 09:58:33 PM

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.

I am very upset in that news and I am worried in the citizen in Vietnam that wants to invest in bitcoin. I hope that the Vietnam government will not banned bitcoin because many people in Vietnam wants to invest in bitcoin.

zxrcoin

newbie

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recently vietnam banned and consider bitcoin as illegal. the popularity of bitcoin are rising up day by day. hopefully than the government will understand their fault.

draacubile328

newbie

Activity: 34

Merit: 0

Vietnam will not prohibit Bitcoin, nor can it be banned, as it is a human asset. Bitcoin is not banned from trading, exchanging, donating ... it is forbidden to pay, ie prohibits viewing it as money.

haruharu732

newbie

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The issuance, supply, use of Bitcoin and other similar virtual currency as payment means is illegal and prohibited in Vietnam. This is a decision that has come into force, given by the governing body and applied throughout the territory of Vietnam.

mk4

legendary

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Merit: 3873

Paldo.io 🤖

Old news.

Also, copy pasted from: https://www.reddit.com/r/ethtrader/comments/798mxy/daily_general_discussion_october_28_2017/dp1e9af/

Edgarroni

newbie

Activity: 29

Merit: 0

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.

Topic: Bitcoin in Vietnam - page 5. (Read 620 times)