Vietnamese Official Urges Public to Avoid Funding Campaigns for Crypto Business
A senior Vietnamese police official said cryptocurrency fundraisers are illegal in the country and people should not invest in them. The former deputy head of Vietnam’s Criminal Police Department, Vu Hoang Kien, has stated that campaigns to raise money for cryptocurrency businesses are illegal in the country. Kien warned Vietnamese citizens to stay vigilant and not be lured in by any form of cryptocurrency investment schemes, no matter how high the returns. Apart from the risk of investing in such schemes, he further emphasized that cryptocurrency investments and payments made using virtual currencies are not legally recognized in the country.
Coin Telegraph - 23rd Jun 11:06