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Vietnam Closes 86 Million Bank Accounts Over Biometric Verification Rule

Vietnam Closes 86 Million Bank Accounts Over Biometric Verification Rule

The State Bank of Vietnam enforces facial biometric authentication to combat fraud, prompting closures and sparking debate among Bitcoin advocates on financial sovereignty.

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Fact Check
Multiple sources (VietnamNet, AInvest, Cointelegraph) corroborate that Vietnam plans to close 86 million bank accounts. The evidence explicitly links this action to a new biometric verification mandate, as accounts without verified biometric data are slated for closure. One key source specifies these are 'inactive' accounts being closed as part of a data cleansing process triggered by the new regulation.
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