Vietnam's Securities Regulator Warns Industry to Avoid Crypto Activities

Valores de Vietnam Regulador advierte el sector para evitar Crypto Actividades

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El regulador de valores de Vietnam ha advertido a las compañías de la industria y de los fondos en el país para evitar las actividades relacionadas con cryptocurrencies.

En un anuncio esta semana, Viet Nam News reportado Wednesday, la Comisión de Valores del Estado (SSC) dichas empresas deben evitar la emisión, transactions or brokerage of cryptos, adding that they must observe laws on money laundering.

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 reportado, 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 imagen a través de Shutterstock

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This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.

https://www.coindesk.com/vietnams-securities-regulator-warns-industry-to-avoid-crypto-activities/

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