Cryptocurrency poses risk of money laundering

A politician has said that since there is now no

in place to control in Vietnam, there is that they may be used for the purpose of .

Duong Van Phuoc from the province of Quang Nam in the center region of Vietnam said at a meeting on Wednesday that Vietnam is among the top countries worldwide in terms of ownership of cryptocurrencies; nevertheless, the nation does not even recognize the

. According to data provided by Triple A, around 5.96 million Vietnamese, or 6.1% of the population, are now holders of cryptocurrency.

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