malaysia singapore offer unique approaches to cryptocurrency supervision experts

Malaysia, Singapore offer unique approaches to cryptocurrency supervision: experts

The growth of financial technologies, including blockchains and cryptocurrencies, depends on how well the legal system can adapt. Globally, as the legal status of cryptocurrencies remains ambiguous, Malaysia and Singapore offer unique approaches to cryptocurrency supervision.
surge in cryptocurrency investment indicates multi billion dollar opportunity

Surge in cryptocurrency investment indicates multi-billion-dollar opportunity

Hundreds of billions of dollars in cryptocurrencies are estimated to have flowed into Vietnam over the past year; however, the lack of a legal framework monitoring this capital flow might lead to tax losses and risks such as money laundering.
promising investment sectors for second half

Promising investment sectors for second half

Stocks, industrial real estate, gold, and cryptocurrency are identified as noteworthy investment opportunities in the second half in the context of Vietnam's economic landscape, which has shown positive signals in the first half of 2024.
binance chiefs prison sentence a lesson on legal compliance

Binance chief's prison sentence a lesson on legal compliance

Changpeng Zhao, founder of the cryptocurrency exchange Binance, was sentenced to four months in prison by a US court on May 1, on top of a hefty fine of $4.32 billion, having been found guilty of money laundering.
cryptocurrency is not banned in vietnam ministry

Cryptocurrency is not banned in Vietnam: Ministry

Cryptocurrency is not banned in Vietnam but it is necessary to develop a legal framework to ensure its on-track development and prevent risks, a representative from the Ministry of Justice has said.
fallen crypto tycoon bankman fried gets 25 year sentence

Fallen crypto tycoon Bankman-Fried gets 25-year sentence

Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday -- a stunning descent for a figure who seemed poised to lead an emerging sector less than two years ago.
crypto fraudster bankman fried faces sentencing

Crypto fraudster Bankman-Fried faces sentencing

Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history.
vietnam crypto holders are the third biggest gainers in 2023

Vietnam crypto holders are the third biggest gainers in 2023

Vietnam accounted for a significant proportion of global crypto gains in 2023 with $1.18 billion, making it the third biggest gainer, according to data released by crypto analytics firm Chainalysis on March 14.
legal framework for managing virtual assets and virtual asset service providers discussed

Legal framework for managing virtual assets and virtual asset service providers discussed

Yesterday, the Vietnam Blockchain Association (VBA) organised a Scientific Workshop to Gather Feedback for Constructing the Legal Framework for Managing Virtual Assets, aimed at collecting opinions from entities, organisations, and individuals operating in the field.
bitcoin hits fresh record above 71000

Bitcoin hits fresh record above $71,000

Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates this year.
bitcoin tops 60000 approaches all time high

Bitcoin tops $60,000, approaches all-time high

Bitcoin passed the $60,000 mark on Wednesday, approaching its all-time high and continuing its unbridled rise since the approval of a new type of investment indexed to the cryptocurrency.
bitcoins renewed euphoria as price keeps rising

Bitcoin's renewed euphoria as price keeps rising

Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.
indonesia has nearly 18 million crypto investors

Indonesia has nearly 18 million crypto investors

Indonesia had 17.91 million cryptocurrency investors as of September, marking a 0.67% increase from the previous month’s figure of 17.79 million investors, according to the Commodities Futures Trading Regulatory Agency (Bappebti).
refined laws required to combat laundering

Refined laws required to combat laundering

Vietnam is working to implement anti-money laundering regulations within the crypto sector amid a global rise in digital assets.
laos stops power supply to cryptocurrency mining businesses

Laos stops power supply to cryptocurrency mining businesses

Electricite du Laos (EDL) has announced that it will no longer supply electricity to cryptocurrency mining operations in Laos, local media reported.