PM orders tighter control of Bitcoin, cryptocurrencyPrime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services to intensify inspections and promptly report suspicious cryptocurrency transactions. The State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services must intensify inspections and promptly report suspicious cryptocurrency transactions. The Ministry of Industry and Trade must channel efforts into addressing illegal activities relating to the illegal use of Bitcoin to make payment on e-commerce websites or applications. The Ministry of Justice is responsible for completing a legal framework on the management and settlement of cryptocurrency or crypto assets. Cryptocurrency is considered an illegal non-cash payment method in Vietnam.