After Bitcoin prices increased, cryptocurrency mining has returned with a vengeance, with many buying rigs to mine Bitcoin, Ethereum and others.
Coin98 has become the second Vietnamese cryptocurrency to achieve a market cap of over $600 million.
Financial product comparison website Finder.com has released its latest crypto report, where it evaluated adoption trends across 27 countries in Europe, Asia and the Americas.
Biden administration deal removes an irritant in relations between the two countries
Central bank instructed to develop blockchain-based digital money
Vietnam’s central bank will pilot a cryptocurrency implementation program within the next two years.
The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency.
Police in Hanoi have terminated four floors trading digital and foreign currencies as well as gold illegally for the purpose of committing fraud.
In its semi-annual report to Congress on currency manipulation, the first under the Biden administration, the US Treasury Department said that no country currently meets the US criteria as a manipulator.
U.S. Trade Representative Katherine Tai raised concerns about Vietnam’s currency practices during a virtual meeting on Thursday with the country’s trade minister.
Less than a week before leaving office in January, the Trump administration released the result of its investigation into Vietnam’s currency practices.
Government has established research unit to develop regulatory framework for digital assets
Ignoring warnings from experts as well as previous scams, thousands of Vietnamese have been drawn to a new cryptocurrency called Pi.
Vietnam has the second highest rate of in terms of cryptocurrency use among 74 surveyed economies, driven by remittance payments, a new report says.
Internet cafes in HCMC are switching to cryptocurrency mining as the pandemic prevents normal operations, eliciting higher profits.
After being branded a “currency manipulator” by the United States in December for trying to keep the dong from rising in value, Vietnam is again intervening in foreign exchange markets and using what traders say is an unusual method to…
The Trump administration said Vietnam’s currency practices, including “excessive foreign exchange market interventions,” hurt American businesses, but that it decided not to take any punitive action.
A US probe into Vietnam’s currency and timber could harm bilateral relations and negatively impact workers and consumers in both countries, Vietnam said on Friday, citing remarks by its trade minister to the US Trade Representative (USTR).
The US Treasury designated Vietnam and Switzerland currency manipulators and added Taiwan, India and Thailand to its watch list But the State Bank of Vietnam said it does not use currency for unfair trade, and will work with US authorities…
Vietnam has benefitted from Trump’s trade war but his currency fixing sanction threats make Biden the safer bet
Vietnam’s prime minister Nguyen Xuan Phuc said on Monday the country’s exchange rate policy was not aimed at helping its exports and asked that US President Donald Trump have “a more objective assessment of the reality in Vietnam”.
Probe could result in tariffs being imposed on imports from Asian country
Trump takes trade war aim at Vietnam’s dong – Asia Times US plans to investigate Vietnam for currency manipulation but rising bilateral trade deficit is a reflection of decoupling from China
In a little noticed countervailing duty case involving Vietnamese tyres, the US Treasury may have set off tremors for the international monetary system, concluding for the first time that currency undervaluation potentially warrants a Commerce Department subsidy finding.