
“Vietnam central bank has warned that gold businesses cannot launch programs to accept gold deposits from customers without permission from the central bank. The central bank said these illegal businesses can be inspected and penalized. It also ordered that commercial banks must now have SBV permission to run storage services. There is a very important clause in the decree, which stipulates that all activities other than trading gold by the businesses should be licensed by the central bank and the government, in order not to negatively affect the market.”
http://www.bullionstreet.com/news/sbv-decree-now-runs-vietnam-gold-sector/5197
Related posts:
Inside a Chinese Bitcoin Mine
Boy Whose Hot Dog Cart Was Shut Down by the City of Holland Now Homeless
Bond Investors Partying Like It’s … 1746?
NYPD Seized an Innocent Man's Cash, Used It to Pad Their Pensions
Nigel Farage destroys Barroso's State of the Union
Man refuses to produce his papers at a Police License Checkpoint; threatened with warrant at home
As Feds Suggest ‘Guidance,’ Bitcoin Foundation Pushes Back
Federal judge: CIA can keep Panetta review secret
Some Lives Matter (More Than Others)
Belarus Legalizes Cryptocurrencies and ICOs – Tax-Free for Five Years
The Dutch do what the Germans couldn't: Get their gold back
Mormon church threatens to excommunicate member who criticized Romney
Why 2014 Will Be Even Worse Than 2013 for Bond Investors
NJ Weedman on Jury Nullification vs. The Drug War
College Students Chase, Heckle David Petraeus on First Day of Class