Vietnam is the Latest Country to Announce a Crypto Ban

[kreslik.news]

According to a local source, the State Bank of Vietnam has announced that from 1 January 2018, “the act of issuing, supplying and using illegal means of payment (including bitcoin and other similar virtual currencies) may be subject to prosecution.” Those providing “unlawful means of payment” (cryptocurrency) may also be subject to a minimum fine of 150 million dong (roughly US$6,600).

No specific reason was given for the ban. However, the ban comes on the heels of several other Asian countries deciding to crack down on crypto. The reason that many countries give for placing bans on Bitcoin is the coin’s ... (read more)