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WhaleHungryICry
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Charlie Chan - Crypto Insights
ยท
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โš ๏ธ โœ… Crypto brothers should pay attention to the following 2 important points to avoid violations and penalties:

1. If you only store coins on international exchanges without buying or selling, you will not be penalized. (Actually, nobody really checks this unless you are being investigated for some case, otherwise trading coins is still fine, but the important thing is that when using P2P to cash out Vietnamese money, you will be detected, as it is possible to trace bank account transactions.)

๐Ÿ‘‰ ๐Ÿ’ต Solution: If you want to withdraw cash, you should transfer to a non-KYC wallet (Trust, Metaโ€ฆ) and then transfer back to a Vietnamese exchange to cash out.

2. Legal framework: After 6 months of obtaining an official exchange license, enforcement will begin. Currently, no exchange has been licensed, which means everything is still uncertain. (In my personal opinion, it will take a long time, by the time that happens, many ridiculous resolutions like this may not even exist, allowing the domestic crypto sector to not be constrained and have the opportunity to integrate internationally.)

๐Ÿ’ก In summary: only keep assets (coins, tokens) on international exchanges without trading to avoid violations, but when you want to withdraw to VND, be cautious about the method. Don't be complacent with P2P through banks because all transactions will be easily scrutinized by the authorities.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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