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Money
Cryptocurrency is not banned in Vietnam: Ministry
Cryptocurrency is not banned in Vietnam but it is necessary to develop a legal framework to ensure its on-track development and prevent risks, a representative from the Ministry of Justice has said.
Business
Mobile Money service pilot extended to late 2024
The Government has issued a resolution regarding the extension of the pilot use of telecom payment accounts for small-value goods and services (known as Mobile Money) until December 31, 2024.
Circular stipulates new regulations on electronic money transfers
The State Bank of Vietnam has issued a circular guiding certain provisions of the Law on Money Laundering Prevention and Control.
Two new regulations on financial activities to take effect from August
New regulations on the operation of money exchange agents of bordering countries and eligibility requirements for foreign loans without the Government’s guarantee will officially take effect from August, 2023.
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