If you are following the latest news from 1984, you will know that Vietnam has always closed more than 86 million bank accounts. For a country that includes an estimated 200 million bank accounts, about 43 % are frozen or deleted “to prevent fraud and electronic crimes.”
The closure of the account follows the new regulations that require a biometric authentication to users Bitcoin With one of the best free advertising campaigns to date.
86 million bank accounts: Vietnam Biometric jungle
According to Vietnam News and data by State Bank (SBV), commercial banks Delete began More than 86 million bank accounts at the beginning of September 2025.
Officials mention target accounts that have not been verified through vital measurements or an inactive mark. This step is described as a measure to prevent fraud, electronic crimes and money laundering.
113 million accounts estimated at 200 million accounts in the country survived the verification scanning process, with about 86 million incomplete bank accounts.
Biometric checks, including facial scanning processes, are now mandatory not only to record account but for some online transactions. The foreign population was among the most difficult strike due to personal requirements and limited ways to comply with remoteness.
When banks freeze your account
The closure of Vietnam’s account overnight is not an isolated event. In recent years, governments and banks around the world have freezed millions of customer money, or indicated fraud, penalties, or organizational delegations.
In 2022, depositors were found in many rural banks in China Frozen Without warning, public protests and anger raised when life savings were blocked due to alleged fraud or mismanagement.
In the United States, law enforcement and banks regularly freeze or seize money during investigations, while confiscating civil assets that affect citizens who have not been convicted of a crime.
Individuals in the United Kingdom are either worse than that and can freeze their accounts through “arithmetic orders”, and anti -money laundering laws mean even ordinary customers Sudden freezing Or closing homosexuals compliance.
Who can forget the notorious Canadian truck drivers in 2022? The government has used emergency powers to freeze bank accounts and encryption associated with demonstrators and supporters without a judicial process in some cases.
Systemic guarantees or risks?
The authorities say that these measures prevent money laundering and financial crime. But critics (especially in the encryption community) refers to the risks. Vietnam freezing of 86 million bank accounts highlights the importance of your bank.
Central systems mean that your money is present with the permission of banks or state. Organizational and political winds can lead to sudden exceptions, errors, or even ill -treatment, and sometimes with the limited asylum of customers.
Increased digitization and biometric controls linking financial access to identity; A blessing for security, but a curse if regimes fail or if someone falls on politics.
Unlike bank accounts, Bitcoin can be held and treated without intermediaries, making arbitrary freezing or seizures much more difficult; Something is important in a world of compliance and Debanking.
True sovereignty means financial independence not only from infiltrators, but even the most sensitive (or arrogant) institutions.
