Published on July 20th, 2018 | by bitcoin0
The Central Bank in Vietnam thinks cryptocurrency should be banned
The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency use within Vietnam was not a “lawful means of payment” this past October.
Also read: Bitcoin Vietnam Faces Losing its Domain from Government
The State Bank of Vietnam Agrees Cryptocurrency Miners Should be Banned
Lately, Vietnam’s government and regulatory bodies haven’t been too friendly towards the cryptocurrency industry.
Now the local reports that the central bank agrees with a proposal written by the Ministry of Industry and Trade (MoIT) which calls for the banning of these mining machines.
The officials think that banning cryptocurrency mining machine imports will further help protect local consumers until virtual currency regulations are more solidified.
Images via Shutterstock, Central Bank photo taken by Xita, and Pixabay.