Economics
Bitcoin Turns Digital Gold as Faith in Vietnam Dong Ebbs
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Bui Huy Kien is ignoring the Vietnamese government’s warnings and accepting payment in bitcoin for advertisements on his website.
“I don’t really trust the dong because of the way the Vietnamese currency is managed,” Kien, the founder of lamchame.com, a portal for young parents, said in a July 23 phone interview. “It’s not transparent. Gradual distrust in the dong motivates people to use bitcoin.”