RATE Group | Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned
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Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

21 Jul Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

Posted at 03:39h in Cryptocurrency News by

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Vietnam's Central Bank Thinks Cryptocurrency Miners Should be Banned

Regulation

According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency use within Vietnam was not a “lawful means of payment” this past October.

Also read: Bitcoin Vietnam Faces Losing its Domain from Government

The State Bank of Vietnam Agrees Cryptocurrency Miners Should be Banned

Vietnam's Central Bank Thinks Cryptocurrency Miners Should be BannedLately, Vietnam’s government and regulatory bodies haven’t been too friendly towards the cryptocurrency industry. Last October the country’s…

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