#viet nam law firm

[ladefense]

Post-Merger Issues: Challenges and Solutions

[ladefenselawfirm]

Quyền bào chữa và công lý: Chiến lược phòng vệ trong các vụ án hình sự phức tạp

Trong hệ thống pháp luật, quyền bào chữa đóng vai trò quan trọng để bảo đảm công lý cho tất cả các bên tham gia tố tụng, đặc biệt trong các vụ án hình sự phức tạp. Quyền bào chữa không chỉ giúp bảo vệ quyền lợi của bị cáo mà còn là công cụ pháp lý để bảo đảm công bằng và minh bạch trong quá trình xét xử. Vậy quyền bào chữa là gì, và đâu là chiến lược phòng vệ hiệu quả trong các vụ án phức tạp?

[coopsday]

Enhancing national policy cohesion on cooperatives and the wider social and solidarity economy.

COOP Champions features ILO colleagues from around the world working on the cooperative, social and solidarity economy.

Could you share some highlights of your work on cooperatives and the wider social and solidarity economy at the ILO Office for Viet Nam?

The ILO remains the only specialized agency of the United Nations with an explicit mandate covering all cooperatives and the social and solidarity economy. Not only is the ILO only specialized agency with a specific standard on the promotion of cooperatives (2002), but also a recent International Labour Conference resolution on decent work and the social and solidarity economy (2022). Building on that firm foundation, with technical backstopping from the COOP/SSE Unit in the Enterprises Department in Geneva, the ILO Country Office for Viet Nam has been supporting the Government of Viet Nam and social partners in developing and improving policies and legislation and in enhancing national policy cohesion on cooperatives and the wider social and solidarity economy.

The ILO has recently supported the Vietnamese government, Vietnam Cooperative Alliance (VCA) and social partners across the stages of amendment to the Law on Cooperatives as aligned with ILO Recommendation 193. The Viet Nam National Assembly adopted Law on Cooperatives at its 5th Session on 20 June 2023 that will go into effect on July 1st, 2024. The Law provides for an improved framework and an enabling environment which, in coordination with other legal frameworks and policies, contributing to expanding social insurance coverage for workers of cooperatives. It introduces revisions and amendments on regulations on registration, organization, and reorganization of cooperatives. It aims to simplify requirements for administrative procedures for the establishment and operations of cooperatives, including through digitalization. All these contribute to further promoting formalization and expanding social protection in the cooperative sector.

[luathongduc99]

Discover how to set up a new company in Vietnam step by step guide - Cost of starting a business in Vietnam (Set-up an LLC, set-up a wholly foreign-owned entity, Set up joint venture, public limited company, branch or representative office) - LHD Law Firm advice step by step guide in 2023

Anh Minh Tower, 36 (Floor 4) Hoang Cau Street, O Cho Dua Ward, Dong Da District, Ha Noi City, Viet Nam

[disputeattorneysinhanoi]

Working Session on the Trade Remedies Measures for Table and Chair products

On September 30, 2022, the Ministry of Industry and Trade issued Decision No. 1991/QD-BCT on the application of anti-dumping measures to some table and chair products originally from Malaysia and Republic of China (case number: AD16).

To learn the basis for considering the issue of the scope of goods subject to anti-dumping measures, the Trade Remedies Authority organizes a working session in person with related parties, at 14:00, on Tuesday, November 15, 2022 between Trade Remedies Authority of Viet Nam and related parties.

This will be the opportunities for the related parties to exchange and present their opinions on the scope of goods subject to anti-dumping measures.

Related parties who have opinions and concerns about the scope of goods subject to anti-dumping measures can register to participate in the working session.

In case the related parties register to speak at the meeting session, it is requested that the related party send their written opinions and related documents in advance.

If Client needs any more information or request for legal advice or potential dispute regarding trade remedies measures including, anti-dumping, countervailing duty and safeguard measures or international trade dispute matters, our competition, anti-dumping, and countervailing duty lawyers of International trade and tax practice at ANT Lawyers - Anti-dumping law firm in Vietnam always follow up anti-dumping cases and its development to update clients on regular basis.

[technologylawyersinvietnam]

Working Session on the Trade Remedies Measures for Table and Chair products

Working Session on the Trade Remedies Measures for Table and Chair products

On September 30, 2022, the Ministry of Industry and Trade issued Decision No. 1991/QD-BCT on the application of anti-dumping measures to some table and chair products originally from Malaysia and Republic of China (case number: AD16).

To learn the basis for considering the issue of the scope of goods subject to anti-dumping measures, the Trade Remedies Authority organizes a working session in person with related parties, at 14:00, on Tuesday, November 15, 2022 between Trade Remedies Authority of Viet Nam and related parties.

This will be the opportunities for the related parties to exchange and present their opinions on the scope of goods subject to anti-dumping measures.

Related parties who have opinions and concerns about the scope of goods subject to anti-dumping measures can register to participate in the working session.

In case the related parties register to speak at the meeting session, it is requested that the related party send their written opinions and related documents in advance.

If Client needs any more information or request for legal advice or potential dispute regarding trade remedies measures including, anti-dumping, countervailing duty and safeguard measures or international trade dispute matters, our competition, anti-dumping, and countervailing duty lawyers of International trade and tax practice at ANT Lawyers - Anti-dumping law firm in Vietnam always follow up anti-dumping cases and its development to update clients on regular basis.

[vietnamlawyers]

Working Session on the Trade Remedies Measures for Table and Chair products

Working Session on the Trade Remedies Measures for Table and Chair products

On September 30, 2022, the Ministry of Industry and Trade issued Decision No. 1991/QD-BCT on the application of anti-dumping measures to some table and chair products originally from Malaysia and Republic of China (case number: AD16).

To learn the basis for considering the issue of the scope of goods subject to anti-dumping measures, the Trade Remedies Authority organizes a working session in person with related parties, at 14:00, on Tuesday, November 15, 2022 between Trade Remedies Authority of Viet Nam and related parties.

This will be the opportunities for the related parties to exchange and present their opinions on the scope of goods subject to anti-dumping measures.

Related parties who have opinions and concerns about the scope of goods subject to anti-dumping measures can register to participate in the working session.

In case the related parties register to speak at the meeting session, it is requested that the related party send their written opinions and related documents in advance.

If Client needs any more information or request for legal advice or potential dispute regarding trade remedies measures including, anti-dumping, countervailing duty and safeguard measures or international trade dispute matters, our competition, anti-dumping, and countervailing duty lawyers of International trade and tax practice at ANT Lawyers - Anti-dumping law firm in Vietnam always follow up anti-dumping cases and its development to update clients on regular basis.

[businesslawyersinvietnam]

Working Session on the Trade Remedies Measures for Table and Chair products

Working Session on the Trade Remedies Measures for Table and Chair products

On September 30, 2022, the Ministry of Industry and Trade issued Decision No. 1991/QD-BCT on the application of anti-dumping measures to some table and chair products originally from Malaysia and Republic of China (case number: AD16).

To learn the basis for considering the issue of the scope of goods subject to anti-dumping measures, the Trade Remedies Authority organizes a working session in person with related parties, at 14:00, on Tuesday, November 15, 2022 between Trade Remedies Authority of Viet Nam and related parties.

This will be the opportunities for the related parties to exchange and present their opinions on the scope of goods subject to anti-dumping measures.

Related parties who have opinions and concerns about the scope of goods subject to anti-dumping measures can register to participate in the working session.

In case the related parties register to speak at the meeting session, it is requested that the related party send their written opinions and related documents in advance.

If Client needs any more information or request for legal advice or potential dispute regarding trade remedies measures including, anti-dumping, countervailing duty and safeguard measures or international trade dispute matters, our competition, anti-dumping, and countervailing duty lawyers of International trade and tax practice at ANT Lawyers - Anti-dumping law firm in Vietnam always follow up anti-dumping cases and its development to update clients on regular basis.

[ladefense]

Competition Law and M&A: Key Considerations

[ladefenselawfirm]

Quyền bào chữa và công lý: Chiến lược phòng vệ trong các vụ án hình sự phức tạp

[jeffbpreece2-blog]

Recycled Copier Paper - Is It Worth The Problem?

I have officially retired. After paying into the social security fund for forty-seven years, inside addition to all those matching contributions by employers, I received my first social security check on April 21, this year. I had planned my retirement, but I was not prepared. Let me explain.

Another great thing that Scott had believed he's competent and is "Whenever I need help, these are a message away." He claims to have never any problem how the support staff couldn't solve well and quickly.

JB Door-to-door book salesman in Massachusetts, sold fire protection equipment, sold cars, retail sales, cook, bar/club owner, K-Mart cashier, moved into a home in Aberdeen, SD with regard to the year to keep up an elderly couple, worked in a double a a4 copy paper, telemarketer, waiter, mowed lawns, worked at a metal recycling plant, worked at Valleyfair within the food buildings, worked in the law firm mail room, summer stock theater.too a great many others to mention!

This day begins along with a visit for this "Amazing Cave", one on the largest and a beautiful gives up Ha Long Bay - and promoted does deserve its named. Let the beautifully lightened limestone formations work their magic an individual before the boat goes across Lan Ha Gulf. From there starts another kayak excursion that walks you to a picturebook beach for lunch meal. After lunch you have plenty of time for swim all of the emerald-green river. In the late afternoon you cross on your boat go back over to Ha Long Bay.

If assembling your project will be printed on both sides and especially, if heavy ink coverage is involved, the paper's opacity is key point. Make sure the paper pick the exercise does not allow any show-through. If in doubt, go a measure heavier in weight.

You can buy recycled copier paper almost anywhere that sell non-recycled paper Recycled paper presently commonplace with most stationery and consumables stockists, like Whistle Ink, carrying a multitude. Commercial printers will also have a range of recycled papers for you to decide on from for things like direct mail, printed envelopes and catalogues. You can even get your letterheads printed on recycled paper or at a minimum more environmentally friendly paper.

In the morning your boat walks you to this island of Tra Ban where you bike on narrow paths through the green rice fields, see water buffaloes so typical for Viet Nam and with an other side meet up with the ship. During lunch on board, a quick crossing takes you to Quan Lan Isle. On your second bike tour of the day you explore this island famous on account of the brilliant pristine and the extensive, totally untouched islands.

[congtyluatlawfirm-blog]

Tự hào là công ty luật uy tín nhất tại Việt Nam

Bạn đang cần hỗ trợ tư vấn về luật? Bạn đang tìm một công ty luật uy tín và chuyên nghiệp? Bạn đang cần một luật sư giỏi tư vấn luật cho mình? Mời bạn hãy đến với chúng tôi – công ty luật ATS – chúng tôi sẽ hỗ trợ tất cả các vấn đề của bạn.

Tự hào là công ty luật uy tín nhất tại Việt Nam

ATS công ty luật nổi bật hàng đầu hiện nay, tự hào là công ty Luật Legal 500 tại Việt Nam - Law firm Legal 500 in Viet Nam. Với đội ngũ luật sư - lawyer chuyên nghiệp với trình độ chuyên môn cao, chúng tôi đã và đang hỗ trợ pháp lý chuyên nghiệp cho hàng ngàn doanh nghiệp tại Hà Nội, Tp.HCM cũng như trên khắp các tỉnh thành cho cả nước.

Công ty luật - Law firm ATS cung cấp các dịch vụ pháp lý cho  khách hàng một cách hiệu quả, chuyên nghiệp với tiêu chuẩn cao. Nhằm hỗ trợ mọi đơn vị, khách hàng, doanh nghiệp một cách nhanh chóng, chuyên nghiệp và tận tâm nhất. Cam kết đảm bảo tốt nhất nghĩa vụ và quyền lợi của từng đơn vị. Giúp các doanh nghiệp có thể chủ động giải quyết mọi vấn đề pháp lý phát sinh.

Hỗ trợ tư vấn luật tất cả các dịch vụ

Công ty Luật ATS tự hào là một trong những đơn vị đã tư vấn cho nhiều doanh nghiệp Nhà nước, tổ chức phi chính phủ, các tập đoàn, công ty lớn, các nhà đầu tư trong nước và quốc tế…..ATS hiện đã có hơn 10 năm kinh nghiệm cung cấp các dịch vụ tư vấn pháp lý toàn diện nhất.

Ngoài ra, công ty Luật ATS được biết đến là hãng luật chuyên nghiệp hoạt động trong nhiều lĩnh vực, bao gồm: đầu tư, tái cơ cấu tổ chức và quản lý kinh doanh, mua bán và sáp nhập doanh nghiệp, quản trị nhân sự, thuế, sở hữu trí tuệ, hòa giải, trọng tài, tư vấn doanh nghiệp và tuân thủ pháp luật trong nhiều lĩnh vực kinh doanh như tài chính, ngân hàng, chứng khoán, thị trường vốn, bất động sản, xây dựng, cơ sở hạ tầng, năng lượng, bảo hiểm, chăm sóc sức khỏe, công nghệ thông tin, viễn thông, sản xuất, thương mại, phân phối, bán lẻ, logistic, hàng hải ...

Cùng rất nhiều dịch vụ khác, tham khảo thêm tại website atslegal.vn của chúng tôi nhé!

ATS Law Firm – Hỗ trợ khách hàng tận tâm

Vào bất cứ thời điểm nào, bạn đều có thể liên hệ công ty luật uy tín ATS để được hỗ trợ nhanh ngay khi cần, đội ngũ luật sư chúng tôi sẵn sàng lắng nghe, phân tích và hỗ trợ các bạn, đưa ra định hướng và hướng các bạn giải quyết vấn đề một cách nhanh nhất và hiệu quả nhất.

Chúng tôi luôn ��ặt khách hàng là yếu tố quan trọng hàng đầu, chúng tôi luôn mong muốn giúp đỡ bạn giải quyết các vấn đề nhanh chóng và thành công nhất. Đó cũng chính là lý do để các đơn vị tin chọn dịch vụ của ATS Legal chúng tôi.

Liên hệ với chúng tôi

Nếu bạn đang gặp khó khăn với các vấn đề pháp , hãy liên hệ ngay với chúng tôi để được tư vấn và hỗ trợ sớm nhất.

Công Ty Luật TNHH ATS:

Văn phòng Hà Nội: Tầng 6 Tòa nhà ATS, 252 Hoàng Quốc Việt, Quận Bắc Từ Liêm

ĐT: 84-24-3751 1888 | Fax: 84-24-3754 3888

Văn phòng Hồ Chí Minh: Tầng 4, Tòa nhà 67 Nguyễn Thị Minh Khai, Quận 1

ĐT: 84-28-3926 2635

Với đội ngũ luật sư, chuyên gia giàu kinh nghiệm, chúng tôi cam kết hỗ trợ mọi đơn vị một cách hoàn hảo nhất để mang đến lợi ích tối đa cho mọi khách hàng.

[douglascrawfordlawlasvegas]

Website : https://douglascrawfordlaw.com Address : 501 S 7th St, Las Vegas, NV 89101 Phone : (702) 383-0090

DOUGLAS CRAWFORD LAW was established on January 2, 1989 under the original name of Law Offices of Douglas C. Crawford, Esq.  Since that time Mr. Crawford has represented Nevadans in many areas of the law.  The primary focus of the firm has been in the areas of Family Law (divorce, child custody, child support, alimony, guardianship, prenuptial agreements, etc.), Criminal Defense (DUI, drug offenses, violent crimes, battery domestic violence, theft, etc.) and Personal Injury (wrongful death, auto and motorcycle accidents, collisions with 18 wheelers, pedestrian injuries, etc.).  The firm also handles some business litigation.          The office of DOUGLAS CRAWFORD LAW is located at 501 S 7th St, Las Vegas, NV 89101, near the corner of Charleston and Jones.  His well trained and experienced staff is always professional, polite and helpful.  The location is handy and easy to find whether you live in Summerlin, Downtown Las Vegas or Henderson Nevada.          Doug Crawford grew up on a working farm in Tulelake California and graduated from high school in 1973.  After serving three years in the U.S. Army during the Viet Nam war (stationed in Germany), Doug returned to the United States and started college.  He graduated with a Bachelor of Science in Political Science from Southern Oregon State College in 1981.  He then went on to complete his Juris Doctorate from McGeorge School of Law in 1984.  McGeorge is often called “The Harvard of the West Coast”.  Doug passed the Nevada bar exam in 1985, worked for other well-known lawyers (including Supreme Court of the State of Nevada Justice Michael Cherry) for several years, and then started his own firm in 1889.  The firm was immediately successful and Doug has not looked backwards since!            Mister Crawford has developed a reputation as a savvy, articulate and aggressive litigator who always fights hard for his clients.  His broad range of litigation experience obtains great results for his numerous clients.  If you are a Las Vegas citizen who has been accused of any crime, you need Doug Crawford’s experience, knowledge, abilities and connections on your side.  If you are contemplating a divorce, child custody or other domestic law action, you will find that Doug Crawford is universally respected and admired by the Family Court judges.  Although other family law attorneys like and respect him they also fully understand his ability to win cases against them!  Over the last 32 years Doug Crawford has litigated and settled many high dollar personal injury case.  If you have been injured as a result of the negligence of others, hiring an experienced and aggressive litigator is a good idea.  Doug Crawford will put more money in your pocket!            For a good Las Vegas divorce attorney, call DOUGLAS CRAWFORD LAW.  For a good Las Vegas criminal defense attorney, call DOUGLAS CRAWFORD LAW.  For a good Las Vegas personal injury attorney call DOUGLAS CRAWFORD LAW.  The number is (702) 383-0090.  Also check out the website at www.douglascrawfordlaw.com.  Follow us on Facebook and Twitter too!

[celestialchariot-blog]

Life style Articles

reklamówki z nadrukiem - zamów tu

In purchase to safeguard your pursuits of the partners, which are not necessarily wedded, however cohabit with each other; professional family legal professionals may created certified contracts called cohabitation agreements. Spotting the potential for a spike in violence in Chicago this summertime, people of the Relationship are also collaborating to support an instant treatment by grassroots and regional groups working to maintain our city's interests radiant and secure. The collaboration, known in your area as the United Says Injury Prevention Relationship or USIPP, has proved helpful since June 2015 to gather unknown info on the location and timing of chaotic events and using that information with existing rules enforcement records to generate regional maps of where assault takes place.

Irrespective of the target populace, interventions led by theory possess been demonstrated to be more effective than those without a theoretical foundation 27 Theoretical frameworks are tested http://www.emgraf.pl/ versions that can help the specialist understand antecedent and moderating factors and consider principles that may be relevant to the phenomenon of interest.

The Game Modification program is usually one component of a $1.5 million home violence and sexual assault prevention effort developed by the Kraft Family and the New Britain Patriots Charitable Basis. Go to the link below to find out more about this initiative, how it aims to address the impacts of extractive industries on the intimate and reproductive system health and privileges of Indigenous organizations, how you can get included or share your understanding, or other methods you can support.

Youngsters assault is certainly a significant general public wellness issue that causes considerable damage to youthful people, households, and neighborhoods. Mexico - from Government to civil society - provides been a key participant within the End Violence partnership since day time one. The SAVP Division assists interests stay concentrated and moving towards their prevention goals by trading time and work into utilizing the Strategic Avoidance Structure (SPF).

Although encountering IPV was not a criterion for taking part in the research, the descriptive analyses revealed that more than half the ladies in both groupings (61% in the control and 67% in the involvement group) screened positive for IPV. If a friend or enjoyed one is definitely not departing an violent romantic relationship, you may feel frustrated at moments.

Variants had been observed in literacy levels, which were higher among males in the treatment supply (76%), likened to those in the control arm (68%). This approach serves as a platform for DOJ to straight indulge with metropolitan areas to identify and prioritize resources that will help regional interests address their violent crime crises. By empowering guys to initiate their personal initiatives to prevent violence against females and young ladies within their interests, the Male Advocacy Programme's influence appears most likely to endure.

The partnership launched today seeks to bring jointly governments, UN firms, civil culture, the personal sector, research workers and teachers to build political can, promote solutions, accelerate action and strengthen cooperation to prevent assault against children. In reality, more than half of ladies in Viet Nam report experiencing violence at some point in their lifetime, according to the Authorities and the United Nations' Country wide Study on Household Assault Against Females in Viet Nam.

Follow-up investigations after data collection by the intervention team found no adverse results from involvement in the analysis. This work was backed by funding from the Novo Base, the Sigrid Rausing Trust and the Economic and Sociable Research Authorities (ESRC). Data gathered in 2005 discovered that females experience two million accidental injuries from partner violence each yr.

Pronyk PM, Hargreaves Junior, Kim JC, Morison LA, Phetla G, Watts C, Busza L, Porter JD: Effect of a structural treatment for the avoidance of intimate-partner violence and HIV in rural Southerly Africa: a group randomised trial. On the basis of the study outcomes, national and comparative analysis reviews plus a set of politics recommendations were created and distributed among specialists and policy-makers across Europe.

Accomplishments of the avoidance sub-group to day have got included support for the development of local violence workplace procedures including disseminating concepts for employers to apply the plan into practice. Challenges stay however in applying these laws, limiting females and women' gain access to to protection and justice. Primary prevention of assault against women and girls.

[bowsetter]

Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto

Vietnam’s securities watchdog has required local businesses not to engage in transactions with cryptocurrencies. The announcement follows a directive issued by the country’s prime minister earlier this year aimed at tightening what Vietnamese regulators call the management of crypto activities.

Also read: China Releases Ranking of 31 Crypto Projects

Securities Watchdog Asks Companies to Obey AML Rules

The State Securities Commission of Vietnam (SSC) has required relevant companies and funds not to engage in any issuance, transaction or brokerage activities related to cryptocurrencies. The measure, referred to by local media as a ban, affects public companies, securities companies, fund management firms and securities investment funds. They have also been asked to obey anti-money laundering (AML) regulations.

According to the SSC, the announcement is based on Directive No 10/CT-TTg signed on April 11 by Vietnam’s Prime Minister, Nguyen Xuan Phuc, Viet Nam News reported. The document puts an emphasis on strengthening the management of activities related to bitcoin and other cryptocurrencies. The outlet also notes that the use of digital currencies is prohibited in Vietnam.

Not the First Anti-Crypto Measure

This is not the first administrative measure aimed at curbing crypto activities in the country. In April, the State Bank of Vietnam (SBV) banned commercial banks, payment services providers and intermediaries from making transactions involving cryptocurrencies. The central bank also issued a warning stating that such activities may increase the risks of money laundering, terrorism financing, trade fraud and tax evasion.

Last October, the SBV declared that cryptos do not represent a “lawful means of payment” in the Asian country. Its proposals in that respect, which were submitted to the government in Hanoi, included a ban on the issuance, distribution, and use of cryptocurrencies as well as criminal prosecution and fines for their users.

Recently, citing the familiar argument – the need to improve the management of cryptocurrencies in Vietnam – the Ministry of Finance, the Ministry of Industry and Trade, and the SBV reached an agreement to suspend the import of crypto mining equipment. The proposal came from the Finance Ministry in June, as news.Bitcoin.com reported.

Fraud and Scam in Vietnam

In the past couple of years, the Vietnamese mining sector has been growing rapidly leading to a significant increase in the number of imported mining rigs. Digital coin minting, however, has caused concern in Hanoi. In May, close to 150 Vietnamese government agencies, financial institutions and businesses took part in a large cyber-security drill aimed at preventing the spread of mining malware.

Crypto-related fraud has played a role in shaping the current attitude of Vietnamese authorities and regulators towards the crypto space. The country recently had to deal with one of the largest scams in crypto history in which more than 30,000 people were defrauded into investing in the Ifan and Pincoin currencies.

What are your expectations for the future of cryptocurrencies in Vietnam? Share your thoughts in the comments section below.

Images courtesy of Shutterstock and the SSC.

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto appeared first on Bitcoin News.

READ MORE http://bit.ly/2AcXGkK

[jacobhinkley]

Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto

Vietnam’s securities watchdog has required local businesses not to engage in transactions with cryptocurrencies. The announcement follows a directive issued by the country’s prime minister earlier this year aimed at tightening what Vietnamese regulators call the management of crypto activities.

Also read: China Releases Ranking of 31 Crypto Projects

Securities Watchdog Asks Companies to Obey AML Rules

The State Securities Commission of Vietnam (SSC) has required relevant companies and funds not to engage in any issuance, transaction or brokerage activities related to cryptocurrencies. The measure, referred to by local media as a ban, affects public companies, securities companies, fund management firms and securities investment funds. They have also been asked to obey anti-money laundering (AML) regulations.

According to the SSC, the announcement is based on Directive No 10/CT-TTg signed on April 11 by Vietnam’s Prime Minister, Nguyen Xuan Phuc, Viet Nam News reported. The document puts an emphasis on strengthening the management of activities related to bitcoin and other cryptocurrencies. The outlet also notes that the use of digital currencies is prohibited in Vietnam.

Not the First Anti-Crypto Measure

This is not the first administrative measure aimed at curbing crypto activities in the country. In April, the State Bank of Vietnam (SBV) banned commercial banks, payment services providers and intermediaries from making transactions involving cryptocurrencies. The central bank also issued a warning stating that such activities may increase the risks of money laundering, terrorism financing, trade fraud and tax evasion.

Last October, the SBV declared that cryptos do not represent a “lawful means of payment” in the Asian country. Its proposals in that respect, which were submitted to the government in Hanoi, included a ban on the issuance, distribution, and use of cryptocurrencies as well as criminal prosecution and fines for their users.

Recently, citing the familiar argument – the need to improve the management of cryptocurrencies in Vietnam – the Ministry of Finance, the Ministry of Industry and Trade, and the SBV reached an agreement to suspend the import of crypto mining equipment. The proposal came from the Finance Ministry in June, as news.Bitcoin.com reported.

Fraud and Scam in Vietnam

In the past couple of years, the Vietnamese mining sector has been growing rapidly leading to a significant increase in the number of imported mining rigs. Digital coin minting, however, has caused concern in Hanoi. In May, close to 150 Vietnamese government agencies, financial institutions and businesses took part in a large cyber-security drill aimed at preventing the spread of mining malware.

Crypto-related fraud has played a role in shaping the current attitude of Vietnamese authorities and regulators towards the crypto space. The country recently had to deal with one of the largest scams in crypto history in which more than 30,000 people were defrauded into investing in the Ifan and Pincoin currencies.

What are your expectations for the future of cryptocurrencies in Vietnam? Share your thoughts in the comments section below.

Images courtesy of Shutterstock and the SSC.

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The post Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto appeared first on Bitcoin News.

Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto published first on https://medium.com/@smartoptions