Monday, August 28, 2017

Vietnamese PM Approves Plan to Authorize Bitcoin As Form of Payment

Vietnamese PM Approves Plan to Authorize Bitcoin As Form of Payment


Vietnamese Prime Minister Nguyen Xuan Phuc has reportedly authorized a plan that could lead to the official recognition of digital currencies like Bitcoin as a form of payment in the country by 2018.

Based on a report by regional news services VNA, the prime minister has ordered the country’s central bank, the Ministry of Finance and the Ministry of Public Safety to study and draft a legal framework to regulate virtual currencies.

The assessment process is due for completion in August 2018. The preparation of legal documents needed for the recognition of cryptocurrencies under a regulatory framework should also be finalized by the end of the year.


Full story at http://bit.ly/2xpUwER


Source: CoinTelegraph


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