365Crypto
Vietnam is shutting 86 million bank accounts that failed new facial biometric rules. The move affects users who can’t update in person.
Crypto advocates see this as another reason to hold Bitcoin, giving people control over their money without depending on banks or governments.
Vietnam’s law requires first-time facial biometrics and repeated verification for transfers over 10 million VND (~$379). Combined transactions over 20 million VND (~$758) also need biometric checks.
Reddit users and Bitcoin commentators stress that permissionless currencies protect against sudden government restrictions and overreach.
Some sources note that most locals are unaffected. The new rules mainly impact foreign residents and inactive accounts.
