And now Vietnam to legalize Bitcoin

[vinc3]

Earlier vietnam was very skeptical about bitcoin just like China and Russia.But now,it has changed its stand and has decided to legalize bitcoin.It is said that new regulations would be implemented by the year end.

         www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018

Eventually almost all major cities will accept bitcoin, for it is sought many of their citizens, and money behind it is incredibly huge, not on the level of stock-market  but it is still huge. Aside from the monetary value of it ,the fact that is can change (actually it is changing right now) the monetary system of the world is enough reason to stay behind it than fighting or against it. Many third world countries benefit from the arbitrage that they get when it comes to the exchange rate, 0.05 btc can be of a great value when it is turn into their local fiat. Hopefully the future of our Bitcoin will be bright for us to be free from the shackles that bind us from the very beginning.

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[dadabosade]

Vietnam should only outlaw the crime involving BTC not the BTC itself

[batang_bitcoin]

Another good news coming from an Asian country. Every country seems to see the great potential of bitcoin. No doubt that the price of bitcoin starts to see and how I wonder what's Satoshi Nakamoto's thought about this thing. Seeing his invention being used by almost all countries.

Indeed, another Asian country opening their country / economy to cryptocurrency. This is good news for us too, we can visit their country and can used bitcoin or exchange to their local currency with less hassle if the infrastructure is ready.

But we still don't know the complete details about it, I mean the stores or services that are going to show their interest and starts their business with bitcoin. However this shows that Vietnam is supporting crypto currency and they will for sure adopt it regards to their law. I love to see news like this because this will increase demand.

[NewBet]

Vietnam should only outlaw the crime involving BTC not the BTC itself

Did you not read the title? Vietnam is legalizing Bitcoin, not making it illegal. This is great news, and we should be celebrating.

With that said I agree that even fiat is used for crimes. The crime itself needs to get punished, not Bitcoin which has nothin to do with it other than the fact is is pseudo-anonymous.

[skyline247]

Vietnam should only outlaw the crime involving BTC not the BTC itself

Did you not read the title? Vietnam is legalizing Bitcoin, not making it illegal. This is great news, and we should be celebrating.

With that said I agree that even fiat is used for crimes. The crime itself needs to get punished, not Bitcoin which has nothin to do with it other than the fact is is pseudo-anonymous.

Chill out. I think he just misread the OP. Anyways, Vietnam is a major manufacturer and this is amazing news for Bitcoin enthusiasts like us.

[sana54210]

I am also a citizen of Vietnameses and this is really great for those who want to invest in this market. The vietnamese government will have many policy solutions to limit money laundering and drug trafficking through Bitcoin and many local banks will adopt Blockchain technology to manage

I don’t know why I’m coming across posts about governments legalizing bitcoin. When a virtual currency (bitcoin) starts being regulated, then I don’t think it should be called a virtual currency any longer. So, Vietnam government wants to implement regulations for bitcoin? Man, that’s no longer bitcoin.

[GrayFullbuster]

Earlier vietnam was very skeptical about bitcoin just like China and Russia.But now,it has changed its stand and has decided to legalize bitcoin.It is said that new regulations would be implemented by the year end.

         www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018

It is really good news that another country have been legalized and accepted the bitcoin. I hope that this following years the bitcoin will become more popular and all of the government will accept it.

[Bitmedrano040117]

China is very skeptical about bitcoin and I wonder how China let Vietnam to legalize bitcoin. This is interesting. I don't think this will bring a momentum to bitcoin price, because Vietnam is not an influential country such as Japan or Chinese. But this is positve for bitcoin adoption anyways.

You maybe right on your reason, but it can still give impact anyway to make the price value of bitcoin get high. And we shouldn't under estimate one country because we don't know what they can do. Who knows most of their citizens are already a bitcoin enthusiast than the other country which popular but only few of their citizens are bitcoin believers, something like that mate.

[nuela]

Vietnampun already do legalize bitcoin how can china let it, maybe this is interesting enough for all of us because I think vietnam is not influential country like Japan or china.

[cryptothreads]

I support the legalization of Bitcoin vietnames because if this happens then there will be a new revolution in the neighboring countries and China will be very interested in this information. I think Vietnames is the first country in Southeast Asia to accept Bitcoin

[noictib]

Earlier vietnam was very skeptical about bitcoin just like China and Russia.But now,it has changed its stand and has decided to legalize bitcoin.It is said that new regulations would be implemented by the year end.

         www.zerohedge.com/news/2017-08-26/vietnam-plans-legalize-bitcoin-2018

This really a good news , but here we can't say surily that it is going to regulate or legalise because I didn't find any information from offical website , only found some news at the forum and bitcoin related websites for news .
Well herr the condition is going about same for most of the countries because about 5-6 countries are in my view who are not officially saying that bitcoin is going to ban regulate or legalise , only news cames indirectly from media to media platforms .
Well here the condition is also same in India that is my country and also here the people are using bitcoin more after such types of the news when we get in our country .
So here my suggestion for everyone to spread the news about the bitcoin in the market social media and another paltfroms also that will make you connected to each other and no negetive impact but positive impact will out on the mind and people don't exit this field .
Because sometimes after the news of ban or anything like ban about bitcoin gaves the - ve market for the bitcoin and also for the another high potential cryptocurrency .
So more better for us to have this news and share .

[benjioneniner]

Sweet! Packing my bags right now

[Pab]

Yes Vietnam is going to approve btc like a legal way of payments.Most vietnamise are using btc to tranfer money,thay easy withdrawn from atm what are around any corner,and vietnamise dont trust banks at all

[S A KHAIR]

After China's strict policy, Such a beautiful decision of Vietnam will add new dimensions to the Crypto market.

[dragonusa9]

this must be really a good news, i think that vietnam is growing country. so its a risk if they took bitcoin into their economy now.
maybe the goverment ancitipate after bitcoin popular in vietnam. waiting until 2018 coming into vietnam though

[pushups44]

If so, this is good news for Vietnam and bitcoin holders. Nations that embrace rather than shun new technologies will find themselves at a competitive advantage. It's about time more nations recognize bitcoin as a legitimate currency.

[ivrynx]

This is good news, not only for us bitcoiners, but for Vietnam itself, it only shows you that east are trying to struggle to be superpowers as well. We should check the geopolitics here as well, the west wants those countries that they had colonized before to suffer until now, because they want to show to each other and to the rest of the world that they are powerful, but they can't do it with some countries in the middle east. Those countries in Asia that had legalized bitcoin has a very low value of their fiat, compared to other western fiat money, now that they have bitcoin, it only means they can now go toe to toe with any other country, since they can now use bitcoin as means of transactions.

[Ejanend]

I am also a citizen of Vietnameses and this is really great for those who want to invest in this market. The vietnamese government will have many policy solutions to limit money laundering and drug trafficking through Bitcoin and many local banks will adopt Blockchain technology to manage

vitanamese is the best place where a lot of facilities are invented now in the bitcoin forum so in my country bitcoin is being legalize one of my face book friend is from Vietnamese she told me that bitcoin is now legalized in the country and I became very happy I wish it happens here so that the price of the bitcoin will increase with the legalization.

[kenkoy]

Good Move. This may neutralize what may have happened to China's banning ICO with regards to news affecting the value of BTC. Legalize means a lot to users wherein there will be a gain on BTC users in Vietnam in turn affecting positively the Global Market. Vietnam may be a small country but this will greatly affect other countries as well. I hope Philippines and other SEA countries will follow too.

[rido]

maybe it's very good and vietnam will not focus on bitcointalk but it may be more focused in reality real world.