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The State Bank of Vietnam has declared that the issuance, supply and use of bitcoin and other similar virtual currency is illegal as a mean of payment and subject to punishment ranging from 150 million to 200 million VND, [134] but the government does not ban bitcoin trading as a virtual goods or assets.
The relationship between governments and cryptocurrencies has always been tense. In some countries, this has led to outright bans on buying, owning, and trading. These Countries Banned ...
In fact, a 2022 study published in the journal Finance Research Letters identified four main drivers of volatility in Bitcoin’s price: ... Some countries have banned crypto entirely, and others ...
While some countries have explicitly allowed their use and trade, [176] others have banned or restricted it. According to the Library of Congress in 2021, an "absolute ban" on trading or using cryptocurrencies applies in 9 countries: Algeria, Bangladesh, Bolivia, China, Egypt, Iraq, Morocco, Nepal, and the United Arab Emirates.
Swiss Govt declared that Bitcoin businesses in Switzerland are regulated by anti-money laundering laws and may need a banking license in certain situations. On December 5, 2013, a proposal was submitted by 45 Swiss Parliament members concerning digital sustainability, which urged the Swiss government to evaluate the opportunities for ...
The People's Bank of China reiterated its tough stance on cryptos today, announcing on its website that all crypto-related activities are illegal. The announcement sent Bitcoin tumbling 5.5% at...
Crypto trading and mining has been banned in China since 2021. Run used bank cards issued by small rural commercial banks to buy cryptocurrencies through grey-market dealers, and capped each ...
Founded in China, (Chinese: 火币网; pinyin: Huǒbìwǎng), HTX now has offices in Hong Kong, South Korea, Japan and the United States. In August 2018, it became a publicly listed Hong Kong company. [1] Following a 2017 ban on Bitcoin exchanges by the Chinese government, Huobi stopped Bitcoin withdrawals. [2]