28 February 2014

Vietnam Warns Against Bitcoin, Invokes the Ghost of Gox

Vietnam’s State Bank has issued another statement warning against bitcoin, blocking credit institutions from offering any digital currency services.


Authorities had already issued a strong warning back on 14th February, stating that the government and State Bank did not recognize bitcoin as a legitimate method of payment.


It also contained all the usual admonitions about money laundering, tax evasion, illicit trade, and the risk of speculation. Consumers would have no protection in the event of investment loss.


Continue reading at CoinDesk


February 28, 2014 at 03:11PM