Stock Market News

Vietnam to require social media users to verify identity

2023.05.08 11:06


© Reuters. FILE PHOTO: A man uses an iPad device in a coffee shop in Hanoi, Vietnam May 18, 2018. REUTERS/Kham/File Photo

HANOI (Reuters) – Vietnam is preparing to make it mandatory for social media users of both local and foreign platforms to verify their identity in a bid to rein in online scams, state media reported on Monday.

The measure, part of the Telecommunications Law Amendment to be issued by the end of this year, will enable law enforcement agencies to track down offenders using social media to break the law, state-run Voice of Vietnam (VOV) newspaper reported.

“There are times the authorities can identify social media account holders that violate the laws but cannot track them down because those criminals use cross-border applications,” VOV cited information deputy minister Nguyen Thanh Lam as saying.

“Unverified accounts, no matter on local or foreign platforms such as Facebook (NASDAQ:), TikTok, YouTube, will be dealt with.”

According to the report, both individual and organisational users would be subject to the measure. However not all providers currently offer identity verification in Vietnam.

The regulation will need the approval of the country’s lawmakers. Details have not been revealed yet.

Vietnam in recent years has issued several regulations together with a cybersecurity law that target foreign social media platforms in a bid to battle disinformation in news and force foreign tech firms to establish representative offices in Vietnam and store data in the country.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 88,134.61 4.12%
ethereum
Ethereum (ETH) $ 2,473.08 1.25%
tether
Tether (USDT) $ 0.99907 0.10%
xrp
XRP (XRP) $ 2.29 1.20%
bnb
BNB (BNB) $ 624.49 1.46%
solana
Solana (SOL) $ 142.82 0.62%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.209443 0.69%
cardano
Cardano (ADA) $ 0.678216 0.91%
staked-ether
Lido Staked Ether (STETH) $ 2,475.60 1.31%
tron
TRON (TRX) $ 0.228201 5.02%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 88,042.59 4.31%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,957.31 1.75%
chainlink
Chainlink (LINK) $ 15.15 0.57%
avalanche-2
Avalanche (AVAX) $ 21.70 0.00%
stellar
Stellar (XLM) $ 0.292127 2.94%
sui
Sui (SUI) $ 2.90 0.69%
the-open-network
Toncoin (TON) $ 3.52 3.42%
litecoin
Litecoin (LTC) $ 114.43 1.26%
leo-token
LEO Token (LEO) $ 9.01 2.21%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.87%
hedera-hashgraph
Hedera (HBAR) $ 0.194806 0.82%
usds
USDS (USDS) $ 1.00 0.03%
mantra-dao
MANTRA (OM) $ 7.70 5.58%
weth
WETH (WETH) $ 2,473.05 1.20%
polkadot
Polkadot (DOT) $ 4.61 5.14%
hyperliquid
Hyperliquid (HYPE) $ 20.38 2.65%
ethena-usde
Ethena USDe (USDE) $ 0.999073 0.28%
bitcoin-cash
Bitcoin Cash (BCH) $ 289.74 1.01%
bitget-token
Bitget Token (BGB) $ 4.27 7.62%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,624.87 1.22%
uniswap
Uniswap (UNI) $ 8.31 4.51%
monero
Monero (XMR) $ 215.38 5.99%
whitebit
WhiteBIT Coin (WBT) $ 26.84 1.55%
near
NEAR Protocol (NEAR) $ 2.97 2.43%
pepe
Pepe (PEPE) $ 0.000008 4.10%
dai
Dai (DAI) $ 0.999944 0.01%
aptos
Aptos (APT) $ 5.53 1.95%
bittensor
Bittensor (TAO) $ 373.09 6.02%
ondo-finance
Ondo (ONDO) $ 0.984948 1.96%
aave
Aave (AAVE) $ 202.45 3.69%
internet-computer
Internet Computer (ICP) $ 6.31 0.39%
susds
sUSDS (SUSDS) $ 1.04 0.22%
ethereum-classic
Ethereum Classic (ETC) $ 18.77 0.86%
okb
OKB (OKB) $ 45.97 0.51%
mantle
Mantle (MNT) $ 0.79683 2.86%
gatechain-token
Gate (GT) $ 21.25 0.61%
tokenize-xchange
Tokenize Xchange (TKX) $ 33.03 3.32%
official-trump
Official Trump (TRUMP) $ 13.10 2.92%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 88,247.64 3.94%