Is It Illegal To Purchase Or Trade Bitcoin?

With the present amount of investment in Bitcoin and its significant presence on virtual currency exchanges, is it illegal to purchase, trade, or use it?

Currently, in the current legal documents of Vietnamese law, there is no specific regulation on what Bitcoin is.

In reality, Bitcoin is a type of virtual currency. Virtual currency refers to a digital currency that is not regulated and is typically created and controlled by developers. It is used as a form of payment among members of a virtual community who accept it.

This is a currency that can only be used in a certain community or organization. The legal value of the virtual currency (Bitcoin) is not recognized under current Vietnamese legislation.