Is that right??
The State Securities Commission (SSC) has warned industries to avoid transactions, issuance, and brokerage of cryptocurrencies. The SSC said that trading in cryptocurrencies is similar to money-laundering since they are not legal tenders. Furthermore, Vietnam's central bank, the State Bank of Vietnam had given a nod for banning the import of cryptocurrency mining devices last week. Even though the decision is temporary, it affected the crypto market in a negative way.
I hadn’t heard about the SSC story and I've no idea whether it is actually true. It may just be FUD, like so many reports coming out of Asia and the timing of this makes me suspicious. We often see these kind of reports regarding events in Asis, which are deliberately timed to coincide with futures expirations, the last of which was on Friday and we later find-out that they're not entirely accurate, but, as I say, I don't really know.
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