Vietnamese authorities have reportedly dismantled a cross-border fraud ring involved in romance scams and fraudulent cryptocurrency schemes. Led by foreign criminals, the group operated from Laos and defrauded victims of tens of billions of dong. Key Vietnamese suspects, trained in digital deception, have been arrested for their roles in the scheme, which included using fake…
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Vietnam, the Philippines, and Brunei will join a QR payment system to settle cross-border payments using local currencies within the Association of Southeast Asian Nations (ASEAN) bloc. The network, already being used between Indonesia and Malaysia, aims to interconnect all ASEAN nations to reduce their dependence on the U.S. dollar. Vietnam, the Philippines, and Brunei…
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In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been defaulting on their debts. Laos’ Crypto Mining Grinds to a Halt Amid Energy Crisis Situated in…
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The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S.…
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Crypto exchange Bitget announced the launch of a Web3-focused corporate social responsibility (CSR) project, with plans to invest millions in nurturing young talent for the future of crypto adoption. The project, called Blockchain4Youth, “aims to create a blockchain future by empowering and inspiring younger generations to use Web3 and сrypto tools to create and engage…
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Crypto donations are so much more than just peer-to-peer Bitcoin and Ether transactions. Non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) are redefining how charities raise donations and distribute funds to those most in need. Through ever-evolving crypto and blockchain-related technology, crypto philanthropists told Cointelegraph that they’ve witnessed “new wealth distribution mechanisms” never seen…
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Authorities in Vietnam have caught and sentenced a hacker who stole money and data from a local cryptocurrency exchange. The man, who was arrested and charged for extorting the trading platform’s owner, has been ordered to return the money he misappropriated.
Vietnamese Court Jails Hacker for Attacking Crypto Exchange Website
A resident of Ho…
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Members of the expanding blockchain sector of Vietnam have called on government and educational institutions to turn more attention to the deficit of talent. With the shortage of qualified personnel being a global challenge, they say the country needs to address the lack of training. Industry Players Highlight Growing Need for Blockchain Experts in Vietnam…
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“It is necessary to study appropriate sanctions, and assign the government to make detailed regulations,” reportedly said Prime Minister Pham Minh Chinh. Pham Minh Chinh, the prime minister of Vietnam, has reportedly said the country’s government should study crypto regulation in part based on residents continuing to trade digital assets despite their lack of legal…
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While emerging markets generally dominate the global adoption list, when it comes to the top 10 list, three developments stand out: Vietnam taking the crown again, the US climbing to fifth place, and China re-entering the list, according to the latest report by blockchain analysis company Chainalysis…. Read More: Vietnam Ranks 1st in Crypto Adoption,…
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