Bitcoin rising value attracts investments in Vietnam

Quick Summary:

HANOI: Bitcoin has been predicted to be among the most lucrative investment instruments in 2025, despite having not been legalised in Vietnam.

A prime recent example is the case of Pho Duc Nam from Ba Ria–Vung Tau Province, known on the social media platform TikTok as Mr Pips, who lured more than 2,600 people into foreign exchange and derivatives trading and got assets worth 5.2 trillion dong seized or frozen by the authorities.

A Council of Advisers for Digital Assets is being formed after a letter was sent to the President-elect and the US Congress by the US Blockchain Association, pushing for policies that would promote the adoption of digital assets in the first 100 days of his presidency.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaVietnam

Topics: Bitcoin Investment /Business/Business News Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 557 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24939832

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 41 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 6 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions