According to the State Securities Commission, in recent times, there have been a number of organizations and individuals placing signs with the names of securities companies without a license, organizing the operation of applications and illegal stock exchanges. Through social networks, organizations and individuals have called on investors to open accounts, deposit money into e-wallets, and invest in cryptocurrencies and virtual currencies such as Pi, USDT, BUSD, etc. on stock exchanges not organized or operated by the Vietnam Stock Exchange and its subsidiaries.
Trading of virtual currencies Pi, USDT... is not allowed in Vietnam.
Some self-named exchanges include Gate.io, GoldFinger Finance, Vietdiamondstocks, bawallet9.com, Londonex.com, ZenoMarkets.com, CHMarkets.com, JASS.com, DEXDN.com, LPL.com, TradeTime.com... After a while, investors participate but cannot withdraw money, or their investment accounts suffer serious losses, and investors discover that there is fraud.
Therefore, the State Securities Commission recommends to investors that Vietnamese law does not have any legal documents regulating digital assets and cryptocurrencies. Therefore, during this time, to participate in securities trading, investors need to open a securities trading account at securities companies licensed to establish and operate by the State Securities Commission.
In addition, investors should note that legal regulations on types of securities allowed to be traded under the Securities Law. Therefore, digital currencies and virtual currencies such as Pi, USDT, BUSD... are not securities and the purchase and sale of the above digital currencies by investors are not regulated by law.
In addition, according to regulations, only the Vietnam Stock Exchange and its subsidiaries, the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange, are allowed to organize securities trading markets. Therefore, the State Securities Commission does not manage trading floors such as Gate.io, GoldFinger Finance, Vietdiamondstocks, etc. and trading activities on these floors.
At the end of June, the Ministry of Public Security also said it was investigating activities related to transactions and payment methods of the Pi virtual currency; at the same time, it warned that "there is no business activity that has such high profits" after there was a lot of information about Pi being traded at high prices.
Source link
Comment (0)