RATE Group | Vietnam Continues to Outlaw all Cryptocurrency Activities in the Country
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Vietnam Continues to Outlaw all Cryptocurrency Activities in the Country

Vietnam Continues to Outlaw all Cryptocurrency Activities in the Country

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Various Asian countries have taken an opposing stance toward cryptocurrency. In Vietnam, the government’s securities watchdog is taking things to the next level. Earlier this week, the State Securities Commission decided to ban nearly all cryptocurrency-related activities in the country.


Vietnam Cracks Down on Bitcoin

Some regions across Asia have shown a tendency to oppose Bitcoin and other cryptocurrencies. In Vietnam, that opposition is only growing stronger as time progresses. A new decision by the country’s State Securities Commission spells trouble for the cryptocurrency industry in the country. This setback does not come as a complete surprise to most industry experts.

The new ruling pertains to nearly all cryptocurrency-related activities one can think of. All public companies and funds providers are advised not to engage in any activity related to cryptocurrency. This includes their own projects, as well as extending services to exchanges,…

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