Tag: VECITA

Vietnamese Officials Warn Consumers on Bitcoin and Digital Currencies

The Vietnam E-commerce and Information Technology Agency (VECITA) has issued a press release warning consumers not to engage in virtual currency transactions online. The release, cites a 2014 statement by State Bank of Vietnam, which declared that digital currencies are not recognized as a legitimate means of payment, and that consumers are not protected under any existing statutes. “The possession, sale and use of “virtual money” as an underlying asset …
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