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Starting in 2018, using cryptocurrencies in Vietnam will be illegal

64 pointsby mbgaxyzover 7 years ago

2 comments

brad0over 7 years ago
As far as I understand it this is a move by governments to prevent money from leaving their borders. VND is a currency useful only in Vietnam. Bitcoin has no borders - this means they can&#x27;t constrain that value inside the country.<p>I feel like I&#x27;ve only scratched the surface as to why governments would want to do this. What else is there?
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saagarjhaover 7 years ago
&gt; As such, Bitcoin and other similar virtual currencies are not legal means of payment in Vietnam.<p>How can you make a means of payment illegal? Is bartering illegal, or do I <i>have</i> to use cash or checks? I don&#x27;t understand how you can legally block the use of a cryptocurrency without ruling these out.
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