This was stated by the deputy governor of the State Bank Dao Minh Tu during the regular press conference of the government held on August 3 in Hanoi.
The Deputy Governor of the State Bank said that Bitcoin or other types of cryptocurrency are not currently legal means of payment in Vietnam. He said that in recent times the State Bank has given timely instructions to banks to avoid risks and abuse of cryptocurrencies in transaction activities. Credit institutions or payment intermediary service providers are not authorized to carry out transactions and activities related to cryptocurrencies for their clients due to the possible risks of money laundering and terrorist financing or tax evasion. … -VNA