Vietnam Freezes 86M Bank Accounts Over Biometric Compliance: A Crypto Conundrum?
2025-09-24
Vietnam has frozen over 86 million bank accounts due to non-compliance with new mandatory biometric identification laws. This drastic measure, aimed at combating AI-driven fraud, has sparked debate over financial inclusion and the potential of cryptocurrencies like Bitcoin as an alternative. While the government cites fraud prevention, the move disproportionately impacts foreign residents and inactive accounts, highlighting the tension between security and individual financial freedom in the digital age.
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