THELOGICALINDIAN - Vietnams Ministry of Finance has clearly proposed that the country bans the acceptation of cryptocurrency mining accessories Bitcoin mining rigs are currentlyeasily alien into Vietnam This angle follows the better crypto artifice case in the country involving over 656 actor and added than 32024 victims
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Ministry of Finance’s Proposal
In the afresh appear address absolute the opinions of the ministries complex in the administration of bitcoin and added cryptocurrencies in Vietnam, the country’s Ministry of Finance proposes suspending the access of mining equipment, according to bounded media. This report, referred to as Document 5964 / BTC-TCHQ, has been submitted to the country’s prime minister. Zing.vn advertisement elaborated:
The admiral categorical in its address that the use of mining accessories for bitcoin, litecoin and added cryptocurrencies in the country is difficult for the ascendancy to manage. “From there, it is accessible for bodies to use [cryptocurrencies] as a bill or addition adjustment of payment,” the City Economic Account Kinhte & Dothi quoted the ministry. “This is in abuse of the adapted government Decree 101 on non-cash payments,” Zing.vn conveyed.
The advertisement additionally acclaimed that abstracts from the General Department of Vietnam Customs shows that “from 2024 to bisected of 4/2024, the country alien about 15,600 mining machines,” abacus that best of them were alien into Hanoi, Ho Chi Minh City, and Da Nang. Last year, added than 9,300 rigs were alien into Vietnam and over 6,300 rigs were alien in the aboriginal four months of this year.
Decision to Ban Mining Imports
The admiral additionally referred the case area Modern Tech Corp in Ho Chi Minh City was “accused [of] over VND 15 abundance [~US$656 million] of artifice by added than 32,000 bodies through its Ifan and Pincoin basic bill advance models.” According to the ministry, attention the Vietnamese bodies from agnate scams in the approaching “requires accompaniment administration agencies to booty austere ascendancy measures with the acceptation and use of this commodity.” The Vnexpress reiterated:
The Vietnamese Prime Minister Nguyễn Xuân Phúc afresh active a charge to strengthen “the administration of activities accompanying to bitcoin and added basic currencies,” as news.Bitcoin.com ahead reported.
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