Infos Viêt Nam

Vietnam warns investors about crypto risks

Print Friendly, PDF & Email

Government has established research unit to develop regulatory framework for digital assets

The Vietnamese government has warned the country’s citizens that investing in crypto is dangerous because the industry is not properly regulated.

According to a report by local news agency Thanh Nien cited by Cointelegraph, the Ministry of Finance said in a statement, “Vietnam has not adopted any legislation related to the issuance, trading, and exchange of virtual currencies and virtual assets.”

The ministry said digital currencies are not covered by the communist country’s securities laws and that only two exchanges, Ho Chi Minh Stock Exchange and Hanoi Stock Exchange, can legally trade securities in Vietnam.

In an effort to expand the regulatory framework, the ministry has set up a research unit to look at the crypto sector and develop appropriate policies. The ministry also aims to raise awareness of the potential risks involved in trading and investing, such as dubious crypto schemes.

The warning follows reports of concerns about a new and increasingly popular Southeast Asian crypto platform called the Pi Network, which some claim is a pyramid scheme, according to a report by VnExpress.

By Paul Muir – Asia Times – March 5, 2021

Translate / Dịch

En poursuivant la visite de ce site, vous acceptez l’utilisation de traceurs (cookies) vous permettant juste d'optimiser techniquement votre navigation. Plus d’informations

En poursuivant la visite de ce site, vous acceptez l’utilisation de traceurs (cookies) vous permettant d'optimiser techniquement votre navigation. Aucune information sur votre utilisation de ce site ne sera partagée auprès de quelconques médias sociaux, de sociétés commerciales ou d'agences de publicité et d'analyse. Cliquer sur le bouton "Accepter", équivaut à votre consentement.