Vietnam’s Central Bank Announces Ban on Bitcoin Payments
The State Bank of Vietnam has issued a statement banning the use of bitcoin and other cryptocurrencies in payments from Jan. 1, 2018.
Many southeast Asians consumers are interested in establishing or increasing their crypto investments, according to the OECD, but also admit to not really understanding them.
Vietnam's securities regulator has warned industry companies and funds in the country to avoid activities related to cryptocurrencies.
The bank has signed on to a blockchain-based trade finance network from Contour with the aim of bringing corporate settlements into the digital realm.
The country's central bank has agreed to a proposed suspension of cryptocurrency miner imports, a local new source reported on Thursday.
A team that conducted two token sales involving thousands of investors has gone dark.