“Vietnam’s communist government said trading in bitcoin and other electronic currencies is illegal, and warned its citizens not to use or invest in them. Currencies like bitcoin are unnerving financial regulators in Asia and elsewhere because they are outside of their control. Established banks don’t like them because people can send the money around the world with any fees. There are a few websites that claim to offer bitcoin in exchange for Vietnamese dong, but it’s unclear whether they have done any trading so far. Aside from an investment and buying goods and services online, bitcoin could be used by Vietnam’s diaspora to sends home remittances.”
http://www.businessweek.com/ap/2014-02-27/vietnam-says-bitcoin-transactions-are-illegal
(Visited 29 times, 1 visits today)
Related posts:
Ninth Circuit Rules 85-Year-Old Tax Protester Should Stay In Jail
New crowdfunding site JumpStart Fund hopes to launch new startups
At White House Request, Lockheed Martin Drops Plan to Issue Layoff Notices
New York cops’ massive salaries are robbing taxpayers blind
Justin Amash vs Former NSA Head General Michael Hayden 8/4/13
Bank data of 20 million customers leaked in South Korea
Texas Comptroller Susan Combs: Debt Excess Even Lives in Texas
Syrian Christians ‘pray for peace’
Police shoot teen skipping school assuming he was burglar
Gun company displays largest-caliber rifle ever created with bullets that cost $40 a piece
Swiss banks face massive fines over Americans’ untaxed bank accounts
Fed Tapers Another $10 Billion, Expecting Rebound From Grim Q1
Clapper: Spying on U.S. election was "most benign form of information gathering"
Obama tells Russian LGBT activists he is proud of their work
Anti-China riots in Vietnam ease after 1,400 protesters arrested