Update news Cryptocurrencies

Cryptocurrencies show high risks

Even though cryptocurrencies are not legally recognized in Vietnam, they have gradually become popular due to unlawful trading via specific platforms.

CryptoBike showing signs of scam

The Vietnamese cryptocurrency investment community has lately been concerned by the news that CryptoBike is showing signs of defrauding investors with the amount reaching up to US$1.4 million.

Trillion-VND gambling rings uncovered

Multiple gambling rings dealing in trillions of dong have recently been discovered by police.

Vietnamese keen on cryptocurrencies: surveys

According to a survey by Chainalysis, Vietnam's cryptocurrency market has grown by 881 percent year-on-year, ranking first out of 154 countries in the "Global Cryptocurrency Adoption Index 2021" ranking.

Finance ministry studies legal framework for cryptocurrencies

The Ministry of Finance is studying the legal framework for managing cryptocurrencies on stock exchanges which would pave the way for legal cryptocurrency transactions in Vietnam.

Central bank: Cryptocurrencies are not accepted in Vietnam

The State Bank of Vietnam (SBV) has not accepted cryptocurrencies as a currency and a legal means of payment, said Nghiem Thanh Son, Deputy Director of the SBV's Payment Department.

Users warned over new 'cashback' apps

The Vietnam Competition and Consumer Protection Authority (VCCA) has issued a warning over cashback apps which lack transparency and showed signs of illegal multi-level marketing.


VN Finance Ministry to set up research group on crypto currency

The Ministry of Finance has decided to set up a research group which would be in charge of studying and proposing policies to manage virtual assets and cryptocurrencies.

Fintech firms concerned about foreign ownership cap

A draft regulation put forward by the State Bank of Vietnam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 percent was discussed at a workshop in Hanoi on December 12.