The prime minister of Vietnam was involved in issuing directives to the financial institutions and the government to crack down all the crypto related activities and institutions.
Vietnam’s central bank has forbidden the use of Bitcoin and other cryptocurrencies as methods of payment. This comes as part of a new legal framework for cryptocurrencies and is a blow to many in the local cryptocurrency industry.
Vietnam’s central bank has declared that it has banned the use of Bitcoin as a payment method in the country. Further, the central bank has laid out a legal framework to regulate cryptocurrencies in the country, as per instructions from the…