RATE Group | Vietnam Proposes Import Ban on Bitcoin Mining Equipment
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Vietnam Proposes Import Ban on Bitcoin Mining Equipment

06 Jun Vietnam Proposes Import Ban on Bitcoin Mining Equipment

Posted at 02:35h in Bitcoin News by

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Vietnam Proposes Import Ban on Bitcoin Mining Equipment

Mining

Vietnam’s Ministry of Finance has officially proposed that the country bans the import of cryptocurrency mining equipment. Bitcoin mining rigs are currently easily imported into Vietnam. This proposal follows the largest crypto fraud case in the country involving over $656 million and more than 32,000 victims.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Ministry of Finance’s Proposal

Vietnam Proposes Import Ban on Bitcoin Mining EquipmentIn the recently released report containing the opinions of the ministries involved in the management of bitcoin and other cryptocurrencies in Vietnam, the country’s Ministry of Finance proposes suspending the importation of mining equipment, according to local media. This report, referred to as Document 5964 / BTC-TCHQ, has been…

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