Share this article
Vietnam's Securities Regulator Warns Industry to Avoid Crypto Activities
Vietnam's securities regulator has warned industry companies and funds in the country to avoid activities related to cryptocurrencies.
Updated Sep 13, 2021, 8:13 a.m. Published Jul 26, 2018, 3:05 p.m.
Vietnam's securities regulator has warned industry companies and funds in the country to avoid activities related to cryptocurrencies.
In an announcement this week, Viet Nam News reported Wednesday, the State Securities Commission (SSC) said firms should avoid issuance, transactions or brokerage of cryptos, adding that they must observe laws on money laundering.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The warning relates to an April 2018 Prime Minister's Directive on strengthening the management of activities related to cryptocurrencies. Vietnam banned the use of cryptos in payments in October 2017, as CoinDesk reported, despite suggestions earlier that year that the prime minister might legally recognize bitcoin for that purpose.
Back in April, the country's central bank, the State Bank of Vietnam, also banned commercial banks and payment service providers from making transactions with cryptocurrencies, arguing that such activities could increase the risk of money laundering, terrorism financing and tax evasion, Viet Nam News states.
In a further move aimed to restrict crypo activities in the country, the central bank last week supported a move to block, at least temporarily, the import of mining devices into the country.
The suspension was initially proposed by the Ministry of Industry and Trade in June, which argued that, since cryptocurrency miners are not on the list of prohibited imports, it has become difficult for local authorities to enforce current restrictions on cryptocurrencies.
Ho Chi Minh City image via Shutterstock
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Bitmine's ether stash tops 4.1 million tokens as crypto and cash holdings reach $13.2 billion
Tom Lee's publicly traded miner and treasury firm said it now controls more than 3% of ether’s total supply and is accelerating staking plans.
What to know:
- Bitmine Immersion (BMNR) now holds 4.11 million ether, equal to about 3.4% of total supply, alongside $1 billion in cash.
- The company said it added more than 44,000 ETH in the past week and has staked over 408,000 tokens of the cryptocurrency.
Top Stories
