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The Deputy Prime Minister urges to finalize the legal framework for managing virtual currencies

Deputy Prime Minister Vuong Dinh Hue has urged the Ministry of Justice to chair and coordinate with the State Bank to urgently research and finalize the legal framework for managing virtual currencies in Vietnam and report to the Prime Minister by January 30, 2018.

SBV bans use of bitcoin in Viet Nam

The State Bank of Vietnam (SBV) recently affirmed that bitcoin and other similar virtual currencies are not a legal payment instrument in Vietnam.