Vietnam Bank Account Purge Boosts Bitcoin Appeal

Vietnam’s recent decision to delete over 86 million bank accounts underscores growing concerns over centralized control of personal finances. As biometric verification becomes mandatory, critics argue that the sweeping closures expose the vulnerability of traditional banking. The event has sparked renewed interest in decentralized alternatives such as Bitcoin, which operates independently of government or institutional oversight. Vietnam Deletes Millions of Accounts Under New Biometric Rules Vietnamese commercial banks began removing over 86 million bank accounts in early September 2025 after the State Bank of Vietnam (SBV) enforced new biometric requirements source: https://beincrypto.com/vietnam-bank-account-purge-boosts-bitcoin-appeal/