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This is a shift from the previously cautious approach of the government of Vietnam towards cypto-currencies such as Bitcoin. In , the State Bank of Viet Nam SBV , the central bank of the country, announced that bitcoins and other cryptocurrencies are not legal tender or permitted means of payment in Viet Nam. Bitcoins and other cryptcurrencies are not backed by any government or central bank, unlike the official currencies. Many have chosen to take a hands-off approach but the extent of regulation varies from country to country.
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Thai Stock Exchange launches blockchain crowdfunding platform to fund startups May 10, China launches new environmental monitoring satellite May 10, News Article Vietnam to start scrutinising legal framework for official recognition of Bitcoin and other cryptocurrencies By:. Subscribe to our newsletter. Delivering personalised omni-channel customer experience through real-time analytics. Hong Kong announces new immigration pilot program for tech professionals. Australia to establish a national space agency and develop satellite infrastructure.
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