Vietnam Is Outraged Over a $658 Million Cryptocurrency Scam

The Vietnamese government has weighed in on a $658 million alleged cryptocurrency scam in the country, with Deputy Prime Minister Vuong Dinh Hue urging six ministries to “quickly consider and tackle” the issue.

The scam apparently entailed fraudulent initial coin offerings (ICO) by a company in Ho Chi Minh City. According to a Bloomberg report, Prime Minister Nguyen Xuan Phuc also reiterated the illegality of Vietnamese financial institutions going anywhere near cryptocurrencies.

ICOs...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Vietnamese [+]    ICO [+]    Ho Chi Minh City [+]    Bloomberg [+]    ICOs [+]   

More #news: