Vietnam

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Hanoi Prohibits Use of Cryptocurrencies in E-commerce Transactions

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The Hanoi Department of Industry and Trade has prohibited organizations and individuals involved in e-commerce business in the city from using bitcoin and other cryptocurrencies. This follows a directive signed by the country’s prime minister intended to strengthen the legal framework of cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Banning Crypto Use … Read more

Vietnam’s Prime Minister Directs Central Bank to Strengthen Cryptocurrency Framework

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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 … Read more

Scam Round-Up: Asian Investment Schemes and Snail Mail Extortion

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Unfortunately, as with any industry, scams of all shapes and sizes persist within the cryptocurrency sector. This past week has seen a Filipino couple arrested after amassing over $17 million USD through a bitcoin investment scam, and protests held outside the office of a Vietnamese company that swindled $660 through two multi-level marketing (MLM) initial … Read more

Canadian and European Bitcoin P2P Markets Set Record Trading Volume

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Localbitcoins trading volume has witnessed volume spikes across miscellaneous markets in recent weeks, with global volume bouncing to $75 million USD this past week. The Canadian and European markets both produced record volume this past week – after both markets produced seemingly anomalous spikes in trading activity. Also Read:Capitalization of Cryptocurrency Markets Loses 59% in … Read more

PR: Viola.Ai Wins Investor Award at d10e ICO Pitching Competition at Cayman Islands

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SINGAPORE – Selected for Investors Award out of 16 other ICOs, the world’s first Blockchain & A.I. driven marketplace from dating, courtship to marriage, Viola.AI celebrates the 3rd place win at the biggest ICO Pitching Competition at Cayman Islands on 30 January 2018, organized by d10e, the leading conference on decentralization. The post PR: Viola.Ai … Read more

Vietnam Imported More Mining Rigs in 3 Weeks This Month Than All of Last Year

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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 … Read more

The Futility of Government Bans – Bitcoin Always Finds a Way

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Cryptocurrencies have been threatened at one point or another by nearly every country on the planet. Rarely does a government venture beyond rhetoric. Those resorting to crackdowns are often met with greater public appetite for decentralized virtual money, making all that initial fuss an exercise in futility. Be they communist strongholds or liberal democracies, bitcoin … Read more

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