In the bustling streets of Hanoi and Ho Chi Minh City, a digital gold rush swept through Vietnam. Young students, gamers, and everyday workers poured money into cryptocurrencies like Bitcoin and altcoins. Dreams of quick riches filled the air. But just as fast as it rose, the boom crashed hard. Investors lost fortunes, companies went bankrupt, and thousands faced layoffs. What went wrong in ? Let’s dive into the story.

The Spark of Vietnam’s Crypto Craze

Vietnam has long been a hotspot for crypto adoption. Unlike China, which banned crypto outright, Vietnam kept things in a legal gray area. The government blocked crypto for payments but let people trade and hold it freely. This mix of freedom and uncertainty fueled massive growth.

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