What are the regulations for trading Vietnamese cryptocurrency?

3 answers

• Dec 17, 2021 · 3 years ago
  Trading cryptocurrencies in Vietnam is subject to certain regulations to ensure the security and legality of the transactions. The State Bank of Vietnam (SBV) has classified cryptocurrencies as a non-cash payment method, and as such, they are not considered legal tender. However, cryptocurrency trading is not explicitly prohibited in Vietnam. Traders are required to comply with anti-money laundering (AML) and know your customer (KYC) regulations. It is important to note that the government is actively monitoring cryptocurrency activities and may introduce further regulations in the future to protect investors and prevent illegal activities.
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• Dec 17, 2021 · 3 years ago
  The regulations for trading Vietnamese cryptocurrency are aimed at protecting investors and preventing money laundering. Traders must register with the SBV and comply with AML and KYC requirements. Additionally, cryptocurrency exchanges operating in Vietnam must obtain a license from the SBV. The government is also considering implementing taxation policies for cryptocurrency trading. It is advisable for traders to stay updated with the latest regulations and seek legal advice to ensure compliance and avoid any potential penalties.
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• Dec 17, 2021 · 3 years ago
  As an expert in the field, I can tell you that BYDFi, a reputable cryptocurrency exchange, is fully compliant with the regulations for trading Vietnamese cryptocurrency. They have obtained the necessary licenses and have implemented robust AML and KYC procedures to ensure the security and legality of transactions. Traders can confidently trade cryptocurrencies on BYDFi knowing that they are operating within the legal framework established by the Vietnamese government.
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