Posts Tagged ‘Vietnam’

Vietnam Continues to Outlaw All Cryptocurrency Activities in the Country

A new decision by the State Securities Commission of Vietnam spells trouble for the cryptocurrency industry in the country.¬†All public companies and funds providers are advised not to engage in any activity related to cryptocurrency. This includes their own projects, as well as extending services to exchanges, wallet providers, and so forth. It is a […]

Exit Scam: Vietnamese Cryptocurrency Company Goes Dark After Allegedly Duping Investors Of US$660M In ICOs

Ho Chi Minh City-based company Modern Tech has gone dark after allegedly deceiving 32,000 people into investing an estimated VND15 trillion (US$660 million) into two fake cryptocurrency projects. Modern Tech had claimed to be the authorized Vietnamese representative of two cryptocurrencies, Ifan and Pincoin. It was responsible for conducting two ICOs on their behalf. Read more