VIETNAM PRESS-Bitcoin trading is illegal in Vietnam - Thoi Bao Ngan Hang

Wed Mar 26, 2014 9:58pm EDT

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Trading of bitcoin is illegal and not protected by the Vietnamese law, according to a State Bank of Vietnam official, the Thoi Bao Ngan Hang (Banking Times) newspaper reports.

A Vietnamese company planned to open an online trading platform in Vietnam for bitcoin, but the government has not accepted bitcoin as a currency and thus there is no legal framework for registering bitcoin trading, the report said.

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Hanoi Newsroom; Editing by Anand Basu)

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