“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
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Powerless and clueless: 684 million Indians without power
Former Chicago cop gets 19 years in Latin Kings case
Brutality of Syrian Rebels Posing Dilemma in West
New York City bike share tech woes enrage normally even-keeled New York bikers
Jesse Kline: Behold the power of Bitcoin
We need to talk about Europe's 'right to be forgotten': Google
New report: In tough times, police property seizures rise
Scientists switch off chromosome that causes Down’s syndrome
Mexico City mulls legal marijuana ‘clubs’
Follow-the-Data Fed May Play Follow-the-Markets to Avoid Shock
Heart Surgery in India for $1,583 Costs $106,385 in U.S.
What the last Nuremberg prosecutor alive wants the world to know
Countries with the world's most libertarian laws
Gangs Ruled Prison as For-Profit Model Put Blood on Floor
Love it or hate it, bitcoins are a national craze