Bitcoin Vietnam fined, confiscated domain name

The Ministry of Information and Communications (MIC) has issued a decision on sanctioning administrative violations and confiscating bitcoin.vn domain name for Bitcoin Vietnam.

Bitcoin.vn domain officially stopped working
According to Document No. 72, signed by Minister Nguyen Thanh Lam on May 2, 1884, Bitcoin Vietnam Co., Ltd. is headquartered in Ben Van Don, Ward 8, District 4, Ho Chi Minh City.

During the operation, Bitcoin Vietnam has set up a comprehensive website, social network at bitcoin.vn domain without a license.
Bitcoin Vietnam has no extenuating circumstances, therefore, the Department has decided to fine 15 million VND for illegal website setup and 25 million VND for illegal social networking. .
At the same time, the agency also applied the additional penalty is to confiscate domain name bitcoin.vn.

In this decision, the Vietnam Radio, Television and Electronic Information Department also stated that Bitcoin Vietnam Co., Ltd has time to execute the sanctioning decision within 10 days from the date of receipt of the decision.
Website Bitcoin Vietnam runs trial version from the end of June 2014 and was officially launched on July 9, 2014, allowing Bitcoin trading in Vietnam.
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