Photo: Reuters

Ministry sets up team to study virtual assets, money

The Finance Ministry on March 30 announced that it has set up a team to study virtual assets and money to design management policies and mechanisms according to its tasks and functions in the field.
The State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services ​must intensify inspections and promptly report suspicious cryptocurrency transactions.   (Photo: unbox.ph)

PM orders tighter control of Bitcoin, cryptocurrency

Prime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services to intensify inspections and promptly report suspicious cryptocurrency transactions.  
S. Korea starts real-name trading system for cryptocurrencies

S. Korea starts real-name trading system for cryptocurrencies

South Korea began a real-name trading system for cryptocurrencies Tuesday, banning the use of anonymous bank accounts in transactions to prevent virtual coins from being used for money laundering and other illegal activities.