The United Nations (UN) always plays an important role in Vietnam’s foreign policy and accompanies the country in the process of national construction and development, thus creating favourable conditions to enhance its position and image in the international arena and deepen its relations with other nations around the world.
Thailand’s central bank said on August 19 it plans to test its retail digital currency for the public in the second quarter of 2022 as an alternative payment option.
Vietnam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technology but also present an opportunity for Vietnam to join the most technologically-advanced countries.
The Monetary Authority of Singapore (MAS) and the Bank of France (BdF) on July 8 announced the successful completion of a wholesale cross-border payment and settlement experiment using central bank digital currency (CBDC).
Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to study and carry out pilot implementation of cryptocurrency based on blockchain technology in the 2021-23 period.
A delay in issuing official legal regulations on managing cryptocurrencies will cause a rise in the risks of fraud and theft related to virtual assets, experts have warned.
With the pandemic showing little signs of slowing and as countries around the world shift away from the traditional economy, Asia has an opportunity to consider building a more integrated digital economy and to promote digital trade and a common digital currency.
The Singapore Fintech Festival (SFF) is an annual fintech event organized by the Monetary Authority of Singapore, held in conjunction with the Singapore Week of Innovation & TeCHnology (SWITCH).
Below is a recap of ten of the year’s most consequential headlines impacting consumers, investors and financial markets worldwide chosen by the Vietnam News Agency.
Below is a recap of ten of the year’s most consequential headlines impacting consumers, investors and financial markets worldwide chosen by the Vietnam News Agency.
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on March 25 for Alfred Kelly, CEO of Visa – the global payment technology company that looks to enable consumers, businesses, banks, and governments in using digital currency.
The Vietnam Computer Emergency Response Team (VNCERT) has warned that GandCrab ransomware affiliates which had been spreading globally over the past year had updated to version 5.2 and the team was taking measures to disconnect with GandCrab server to avoid damages.
The Ministry of Finance (MoF) has proposed to temporarily halt the import of bitcoin mining machines to improve the management of bitcoin and cryptocurrency transactions.
Police in Ho Chi Minh City are coordinating with relevant agencies to examine an alleged cryptocurrency fraud involving over 32,000 people and a sum of 15 trillion VND (666 million USD).
The Bank of Thailand (BOT) has said that crypto currencies are not legal tender and it will join hands with the Anti-Money Laundering Office to prevent the illicit use of virtual currency bitcoin.
The Central Bank of Malaysia (BNM) initiated a policy compelling digital currency exchangers to report their activities, reported The Star newspaper on December 15.
The use of cryptocurrency and blockchains in Vietnam is currently limited to just one percent of the total population, though experts anticipate that the number could grow to 30 million users in the next ten years.
The spread of WannaCry ransomware has been wreaking havoc in nearly 100 countries. Aware of its danger and high affectability, Vietnam has taken various measures to guard against the ransomeware.
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