Auto Added by WPeMatico
Vietnamese businesses and individuals have stopped importing bitcoin mining equipment into the country since the beginning of July, according to the Ho Chi Minh City Customs Department. This follows the government’s efforts to pass a law banning the import of bitcoin mining rigs into Vietnam. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mining […]
The post Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban Looms appeared first on Bitcoin News.
Powered by WPeMatico
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 […]
The post Vietnam Proposes Import Ban on Bitcoin Mining Equipment appeared first on Bitcoin News.
Powered by WPeMatico
The Prime Minister of Vietnam has signed a directive for the country’s central bank and the Ministry of Finance to strengthen the management of cryptocurrency-related activities. This follows an alleged fraud involving a cryptocurrency that scammed 32,000 Vietnamese out of VNĐ15 trillion. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Prime Minister’s […]
The post Vietnam’s Prime Minister Directs Central Bank to Strengthen Cryptocurrency Framework appeared first on Bitcoin News.
Powered by WPeMatico
The Ho Chi Minh City Customs Department has revealed that in the first 3 weeks of this month almost 8,000 mining rigs were imported into the city. This number exceeds the entire count of mining rigs imported into Vietnam last year. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Nearly 8000 […]
The post Vietnam Imported More Mining Rigs in 3 Weeks This Month Than All of Last Year appeared first on Bitcoin News.
Powered by WPeMatico
The Ho Chi Minh City Customs Department has revealed the number of known mining rigs imported into Vietnam in 2017. Over 7,000 rigs were brought into the country, mostly from China, with over 5,000 entering since November. While Vietnam is clamping down on the use of bitcoin as a means of payment, mining rigs are […]
The post Cryptocurrency Mining Soars in Vietnam – Over 7000 Rigs Imported appeared first on Bitcoin News.
Powered by WPeMatico
Vietnamese authorities have announced that they are investigating establishments that accept bitcoin for payments. This follows reports that restaurants and cafes are still accepting the digital currency despite the government warning that bitcoin is not a legal means of payment in Vietnam. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto […]
The post Vietnam Investigates Merchants for Accepting Bitcoin Despite Warnings appeared first on Bitcoin News.
Powered by WPeMatico