[2018-04-13] Vietnam’s Prime Minister to Strengthen Cryptocurrency Framework

[limek]

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.

Prime Minister’s Directive

The Vietnamese Prime Minister Nguyễn Xuân Phúc has signed a directive to strengthen “the management of activities related to bitcoin and other virtual currencies,” Viet Nam News reported, elaborating:

      " To limit the risks and adverse impacts on society, as well as promptly detect, prevent and handle fraud, the Prime Minister asked the State Bank of Vietnam (SBV) to direct credit institutions and intermediary payment service organisations not to conduct illegal transactions related to digital currencies."


Read more: https://news.bitcoin.com/vietnams-prime-minister-directs-central-bank-to-strengthen-cryptocurrency-framework/

[1714255526]

1714255526

[1714255526]

1714255526

[1714255526]

1714255526

[CryptoBry]

Good thing to hear that this news is presented in a positive way rather than spin it and make it appear that the government is on the bent of controlling cryptocurrency due to scams around. Indeed, the government must be working to make the industry not be used by scammers victimizing innocent people. As in any new industries and especially as popular as cryptocurrency there will always be people who can use for their own purpose. Good move, Vietnam.

[Flexcryptex]

it sounds an urgency- a big amount gone to ponzi/scam