RATE Group | Vietnam’s Biggest Bitcoin Exchange Has its Domain Seized by Government
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Vietnam’s Biggest Bitcoin Exchange Has its Domain Seized by Government

07 May Vietnam’s Biggest Bitcoin Exchange Has its Domain Seized by Government

Posted at 18:42h in Bitcoin News by

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Bitcoin Vietnam Co., Ltd., the oldest cryptocurrency exchange in the country, is having its domain name, bitcoin.vn, seized by the Vietnamese government. The Ministry of Information and Communications (MIC) has also decided to fine the company 40 million VND (approximately $1758) for illegal social networking and setting up an illegal site.

Bitcoin Vietnam Has Domain Seized by Government

Ho Chi Minh City-based cryptocurrency exchange Bitcoin Vietnam, which was officially launched on July 9, 2014, is currently facing an ordeal after being approached by governmental authorities for having “operating a blog without a proper license”.

The Vietnam Radio, Television and Electronic Information Department of the Ministry of Information and Communications has fined Bitcoin Vietnam 15 million VND (approximately $659) for operating the illegal blog and 25 million VND (approximately $1100) for illegal social networking. This unauthorized social networking consists of allowing readers to…

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