Vietnam Investigates Pi Cryptocurrency After Major Fanfare
Speaking at a meeting in Hanoi last week, department head Le Xuan Minh said: “The operations of cryptocurrency models like Pi have been exceedingly complex and unmanaged recently. There is no other business activity that can generate such high levels of income online.” advertisement Minh mentioned that there are indications of people being forced by cryptocurrency promoters to join business models similar to multi-level marketing schemes. The police in various areas are specifically looking into activities related to the Pi cryptocurrency. Authorities have cautioned individuals about investing in cryptocurrency schemes that promise unusually high profits or use multi-level marketing structures. Minh stated that these activities carry a lot of risks and request investors to approach with caution, reported a local publication VN Express. The local publication also noted that the Pi Crypto Network lacks a certain level of transparency essential for...