MoIT makes out case for crypto mining Business

MoIT makes out case for crypto mining

The Ministry of Industry and Trade (MoIT) has proposed not to suspend the imports of cryptocurrency mining machines (HS code 8471.80.90) in order to ensure the production and business activities of enterprises.
Legal framework needed for virtual world Business

Legal framework needed for virtual world

Virtual deals in currency and property are still in their early stages. That’s the message from Minister of Justice Le Thanh Long who feels further study is needed to iron out legal issues in the future.
Thailand warns against bitcoin’s risks World

Thailand warns against bitcoin’s risks

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.
SBV says bitcoin prohibited in Vietnam Business

SBV says bitcoin prohibited in Vietnam

According to the State Bank of Vietnam (SBV), the issuance, supplement and use of bitcoin and other similar virtual currencies for legal payment is prohibited in Vietnam.
Experts worry over e-money’s red-hot growth Business

Experts worry over e-money’s red-hot growth

Experts voiced real concern over safety and legal status of e-money since Bitcoin, a form of cryptography-based e-money, is believed to potentially cause risks for users due to its highly volatile value.
No law to protect crypto currency users Business

No law to protect crypto currency users

Born after the pioneering Bitcoin, the virtual currency Onecoin is emerging as a form of multi-level business, promising colossal profits for users by inviting more people to join the network.