Cryptocurrency ban in Vietnam follows China, Russia, and South Korea

Cryptocurrency ban in Vietnam follows China, Russia, and South Korea

With nations continuing to put strict constraints on the use of cryptocurrencies, will global progress be impeded? A growing trend of cyptocurrency restrictions and bans encompasses a number of nations, with China, Russia and South Korea laying down stringent laws. Now Vietnam has put a stop to cryptocurrency payments. The ruling came from the State Bank of Vietnam, which now deems cryptocurrency payment methods as unlawful, and will only accept traditional methods. Penalties of $9,000 are lined up for those who fail to comply. Motivations behind this action have not been shared publically, but politics are likely to be […]