VuHoangDung report 17110077 (1)

Bitcoin: The risk and
the opportunity

~ 19/12/2017 ~


Index
1.
2.
3.
4.

What is Bitcoin?
Risk of Bitcoin
Potential of Bitcoin
Vietnam policy

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Risk
● Regulatory Risk
● Security Risk
● Insurance Risk
● Fraud Risk
● Market Risk
● Tax Risk
3


Blockchain

● Blockchain is the chain of blocks (actually, the
keyword blockchain was not mentioned in the Bitcoin
Whitepaper, but only used after that)
● Verified transactions are aggregated into a block
● Each block has a unique hash id. A valid block
contains the hash id of the previous block

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5


Vietnam
● “Bitcoin virtual currency and other similar is not lawful
means of payment in Vietnam; The issuance, supply, use of
bitcoin and other similar virtual currency as a means of
payment is prohibited in Vietnam.”
● The ban does not, however, mention mining or exchange of
virtual currencies, leaving open the possibility that Vietnam
will permit cryptocurrency-or-blockchain-related activity. So
long as they're not used to buy and sell stuff.
● In the future

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