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Vietnam, a socialist country in Southeast Asia, has a population of 99.46 million and covers 331 thousand square kilometers. It has developed a strong market economy with socialist influences, making it one of the fastest-growing economies in terms of GDP. This economic growth has attracted significant foreign investment.
Cryptocurrency arrived in Vietnam in 2009, there are no specific rules for trading or holding Bitcoin, so it can be used as a good or asset. Bitcoin exchanges like Bitcoin Vietnam and VBTC operate freely, and Bitcoin mining is allowed. However, using Bitcoin as payment or issuing other digital currencies for payments is illegal.
Vietnamese Government on Cryptocurrencies
Cryptocurrency is not banned in Vietnam, but a legal framework is needed to ensure its proper development and mitigate risks, according to a representative from the Ministry of Justice. Cao Dang Vinh, Depu
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