WARNING: VN INVESTORS COULD BE FINED 200 MILLION IF THEY DO NOT TRANSFER CRYPTO TO 'LEGAL EXCHANGES'? 🇻🇳
Recently, the Ministry of Finance in collaboration with the State Securities Commission announced a draft decree amending and supplementing the sanctions for administrative violations in the field of cryptocurrency.
The most notable points: 🟠 Investors must open accounts and transfer all their owned crypto to licensed custodians and exchanges. 🟠 If violations occur, fines can range from 100 to 200 million VND. In addition, there are other notable points: 🟠 Fines for service providers: 300 million to 2 billion VND if they do not verify identities, misleading advertising, or mix customer assets with proprietary trading. They may be suspended for 3 to 5 months. 🟠 Manipulation handling: Actions such as wash trading, spreading false information, creating artificial volumes... will be fined 1.5 to 2 billion VND.
Accordingly, Vietnam has ranked among the top 3 countries with a large number of crypto investors, but the legal framework still has many loopholes. Therefore, tightening regulations will contribute to protecting investors, enhancing transparency, and sustainability for the market.
Have you all prepared to step into the light yet? 😆_____________________ Source: VnExpress
👀 Trump selects the owner of token $TRUMP to join a private dinner and confirms the launch of his NFT market 🤲 The top 220 owners of $TRUMP have received an email with event details and will undergo a verification process. 🎟 All participants in the leaderboard will receive an NFT, while the top 220 will receive an exclusive token after the dinner. 🔶 Trump has also launched the Trump Rewards Points program, which is part of the upcoming Trump Points NFT market.
Classic mistakes that everyone has made while trading:
1. Overtrading 2. Not daring to cut losses 3. Entering at the wrong peak, chasing the peak 4. Choosing junk coins 5. Taking profits insufficiently, being greedy 6. Entering trades without any clear plan 7. Making a profit but not letting it run, hastily taking profits 8. Borrowing confidence from others instead of researching on your own 9. FOMOing back in after taking profits