 |
| Digital currencies are feared to destabilise the financial market and hurt their traders. |
Under the decree, credit institutions are not allowed to carry out digital currency-related transactions and must swiftly report any suspicious activities.
Public companies, brokerages, fund management companies and investment funds are banned from any illegal activities related to digital currencies and are required to comply with the anti-money laundering rules.
The Government leader also asked the authorities concerned to restrict the import of coin mining hardware and double down their efforts to prevent fraudulent activities concerning digital currencies.
Meanwhile the Ministry of Justice has been tasked with perfecting the legal framework on regulating digital currencies and virtual assets.
In recent months, government agencies have issued many warnings on the risks of digital currencies and their use for criminal activities due to their anonymity and decentralisation.
The directive stated that digital currency investment activities, especially the use of digital currencies to mobilise funds under Ponzi schemes, are developing in a complicated fashion and could affect financial stability.
Source: NDO
.jpg "Binh Thuan heads towards digitalization for Tourism Development")
.jpeg "Stumbling the champions")
.jpeg "Unstoppable \"Nole\"")
.jpeg "A legendary retirement in football")
.jpeg "Djokovic “Age is just a number”")
.jpg "Suspect for Snatching a Foreign Tourist’s Handbag promptly arrested")
.jpeg "The “Phoenix” has returned")
.jpeg "Recognize Golden Linga as a national treasure and celebrate Kate Festival 2024")
.jpeg "Binh Thuan had a good effect on international friends")
.gif "The Collapse of “Boxing King”")
.jpeg "Binh Thuan Tourism: When the brand is affirmed")
.jpeg "South Korean Billiards player Outstandingly placed first at 76th World Individual Carom 3-Cushion Billiards Championship")
