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| August 19, 2018

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De Blasio lets security haul away Post reporter for asking question

August 13, 2018 |

Mayor de Blasio is a such a big believer in the free press that he let two bodyguards physically remove a credentialed Post reporter who had the temerity to ask him a question in public on Sunday.
FOX News

Bitcoin speculators dominate cryptocurrency use now, but criminals haven’t backed away

August 8, 2018 |

The ratio of legal to illegal activity in bitcoin has flipped, according to Lilita Infante at the U.S. Drug Enforcement Administration.

When Infante started seeing bitcoin pop up in her cases at the DEA five years ago, her analysis of blockchain data showed criminal activity was behind about 90%…

L.A. Times – Business

Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto

July 26, 2018 |

Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto

Vietnam’s securities watchdog has required local businesses not to engage in transactions with cryptocurrencies. The announcement follows a directive issued by the country’s prime minister earlier this year aimed at tightening what Vietnamese regulators call the management of crypto activities.

Also read: China Releases Ranking of 31 Crypto Projects

Securities Watchdog Asks Companies to Obey AML Rules

The State Securities Commission of Vietnam (SSC) has required relevant companies and funds not to engage in any issuance, transaction or brokerage activities related to cryptocurrencies. The measure, referred to by local media as a ban, affects public companies, securities companies, fund management firms and securities investment funds. They have also been asked to obey anti-money laundering (AML) regulations.

Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto

According to the SSC, the announcement is based on Directive No 10/CT-TTg signed on April 11 by Vietnam’s Prime Minister, Nguyen Xuan Phuc, Viet Nam News reported. The document puts an emphasis on strengthening the management of activities related to bitcoin and other cryptocurrencies. The outlet also notes that the use of digital currencies is prohibited in Vietnam.

Not the First Anti-Crypto Measure

This is not the first administrative measure aimed at curbing crypto activities in the country. In April, the State Bank of Vietnam (SBV) banned commercial banks, payment services providers and intermediaries from making transactions involving cryptocurrencies. The central bank also issued a warning stating that such activities may increase the risks of money laundering, terrorism financing, trade fraud and tax evasion.

Vietnamese Regulator Tells Firms and Funds to Stay Away From CryptoLast October, the SBV declared that cryptos do not represent a “lawful means of payment” in the Asian country. Its proposals in that respect, which were submitted to the government in Hanoi, included a ban on the issuance, distribution, and use of cryptocurrencies as well as criminal prosecution and fines for their users.

Recently, citing the familiar argument – the need to improve the management of cryptocurrencies in Vietnam – the Ministry of Finance, the Ministry of Industry and Trade, and the SBV reached an agreement to suspend the import of crypto mining equipment. The proposal came from the Finance Ministry in June, as reported.

Fraud and Scam in Vietnam

Vietnamese Regulator Tells Firms and Funds to Stay Away From CryptoIn the past couple of years, the Vietnamese mining sector has been growing rapidly leading to a significant increase in the number of imported mining rigs. Digital coin minting, however, has caused concern in Hanoi. In May, close to 150 Vietnamese government agencies, financial institutions and businesses took part in a large cyber-security drill aimed at preventing the spread of mining malware.

Crypto-related fraud has played a role in shaping the current attitude of Vietnamese authorities and regulators towards the crypto space. The country recently had to deal with one of the largest scams in crypto history in which more than 30,000 people were defrauded into investing in the Ifan and Pincoin currencies.

What are your expectations for the future of cryptocurrencies in Vietnam? Share your thoughts in the comments section below.

Images courtesy of Shutterstock and the SSC.

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The post Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto appeared first on Bitcoin News.

Bitcoin News


Protester paraglides over Trump, gets away

July 15, 2018 |

A paragliding protester hovered within surprising proximity of President Donald Trump on Friday night as the president admired the view from Trump Turnberry, his golf resort in Scotland. – RSS Channel – World

Man Days Away From New Career Dies in Grand Canyon Fall

July 10, 2018 |

Andrey Privin, a 24-year-old Chicago-area man, was supposed to start his new job as a nurse at a hospital in Highland Park, Illinois Monday. Instead, he was being mourned by friends and family following his death in a fall at the Grand Canyon National Park, the Chicago Tribune reports. Park…

Driver Walks Away After Airborne Car Crashes Into Gas Station

June 25, 2018 |

Shelby Lynne May, a 24-year-old Mississippi woman, was charged with DUI after a high-speed crash—and she’s incredibly lucky she wasn’t being declared DOA instead. Video of the crash shows her sedan, which was travelling at more than 100mph, skidding into an embankment, becoming airborne, flipping in the air, and…


Analysis: Kim had a great summit. He didn’t need to give anything away.

June 12, 2018 |

Kim Jong Un couldn’t have scripted his Singapore sojourn any better himself. As he toured the streets on a night-time walkabout and posed for selfies with the Singaporean foreign minister, he was treated more like a rock star than a pariah autocrat. – RSS Channel – World

Spray Your Clothes With This Chemical to Keep Ticks Away

May 27, 2018 |

In an especially nasty year for ticks, the US Centers for Disease Control and Prevention have issued a statement about a possible method for preventing the spread of diseases carried by their bites, LiveScience reports. By spraying clothing with an insecticide called permethrin, experts believe you can cause the bugs…