Japanese police have arrested the CEO of the failed company MtGox, which was once the world's biggest exchange of the virtual currency, bitcoin.

VietNamNet Bridge – Though the State Bank of Vietnam has confirmed bitcoin is not a legal currency and that it must not be used in payment transactions in Vietnam, executive bodies have not been able to close the bitcoin trading floor.

 VietNamNet Bridge – The State Bank of Viet Nam will work with the public security forces to seize operators of the Viet Nam real-time bitcoin exchange (VBTC) that was launched last Wednesday.

 VietNamNet Bridge – The Ministry of Industry and Trade (MoIT) has warned the first online Vietnam Bitcoin Trading Centre (VBTC) is illegal and all of its trading activities are not protected by law.

 VietNamNet Bridge – Contrary to all predictions that the bitcoin would “die young” in Vietnam because of the rejection of the State Bank, the bitcoin still brims with vitality.

Controversy is surrounding claims by Newsweek to have found the creator of the Bitcoin virtual currency.

 VietNamNet Bridge – Businessmen have affirmed that bitcoins will still be used in a “legal way” in Vietnam, even though the State Bank of Vietnam has denied the legitimacy of bitcoin as a currency in Vietnam.

 Vietnam dismisses bitcoin as legal currency; Lotte wants to further operations in Vietnam; IFC helps build more homes for mid-income earners in Vietnam; Cement firms remain stuck; Lower fees proposed for transport firms

 The State Bank stated on February 27 that bitcoin and other virtual currencies are not legal tender or a permitted means of payment in Vietnam.

 The head of troubled Bitcoin exchange MtGox has made his first statement since the service went offline.

 VietNamNet Bridge – One needs to spend at least hundreds of millions of dong to have the machines powerful enough to “dig” bitcoins and tens of millions of dong more every month to run the machines.

 VietNamNet Bridge – The State Bank of Vietnam (SBV) has affirmed that bitcoin is not a legal currency which is accepted in payment in Vietnam.

 VietNamNet Bridge – A notice appeared on a website, called the “forum for the parents,” last week: “Bitcoin accepted here,” with the symbol showing that bitcoin is the acceptable payment currency.