Vietnam: Prosecutors Reject Charging Bitcoin Traders

Thanh Nien News reports that three individuals arrested in Khanh Hoa Province for buying and selling Bitcoins have been released without charges on the order of local prosecutors. Police plan to continue pursuing the case by appealing to the Supreme People’s Procuracy to continue the prosecution. In the course of the arrest nearly 500 million Vietnamese Dong were seized along with computers and documents. According to the deputy head of the local prosecution unit "the three did not engage in an illegal transaction since Bitcoins are not a recognized currency or commodity in Vietnam and therefore cannot be considered a banned item."

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