Even after the Vietnamese government said in February that it didn’t recognize Bitcoin and wouldn’t allow it for any transaction, Bitcoin has seen a rise in Vietnam.
On March 25th, the Bitcoin Vietnam Company Ltd and Israeli Bit2C, announced that they would be opening the first online Bitcoin trading system in Vietnam. According to vietnamnet, the Bitcoin exchange is called VBTC, and it will open at the end of April.
Bitcoin Vietnam: Use of Bitcoin not Prohibited
Bitcoin Vietnam, said that it started the process of opening an exchange in March 2014 by allowing brokerage services for trading, and allowing users to buy and sell Bitcoin.
Even though the State Bank warned about the risks of Bitcoin, Bitcoin Vietnam managers have said the digital currency was never banned in Vietnam. In fact, the managing director of company, Nguyen Tran Bao Phuong, said on Buu Dien that Vietnam would be a fertile ground for Bitcoin development.
Full Article here:
https://coinreport.net/bitcoin-vietnam-open-btc-exchange/
