Bank Accounts Frozen Due to Crypto P2P Transactions, Raising Money Laundering Concerns
A surge in bank account freezes is being reported in Vietnam following peer-to-peer (P2P) cryptocurrency transactions. Concerns over potential money laundering or unclear fund origins are leading to these freezes, leaving investors scrambling to address the situation.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- California Fitness & Yoga Among Gyms Facing Tax Debt in HCMC
California Fitness & Yoga, a major fitness chain, has been named by Ho Chi Minh City tax authorities for owing over VND 4.35 billion in taxes. Several other gyms are also on the list, indicating increased scrutiny on the fitness industry in the city.
- Vietnam Pushes for Sàn Giao Dịch to Reform Commodity Market
Vietnam is promoting the establishment of commodity and derivative exchanges (sàn giao dịch) to streamline its fragmented commodity market and address information asymmetry. This initiative aims to enhance transparency, reduce transaction costs, and improve risk management capabilities for businesses.
- Quang Ninh Firm Achieves First Transformer Export to Philippines
A firm in Vietnam's Quang Ninh province has successfully completed its first transformer shipment to the Philippines, marking a significant step in enhancing the nation's manufacturing capabilities and international competitiveness.
- Vietnam's seafood exports eye growth with EFTA FTA
The Vietnam Association of Seafood Exporters and Producers (VASEP) anticipates that a Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) will facilitate two-way trade and broaden cooperation in the fisheries sector, despite current low import volumes from EFTA markets. Vietnamese firms are focusing on raising standards to access wider export markets.