#VietnamCryptoPolicy Crypto Policy 2024: Ban vs. Boom?**

Vietnam has emerged as one of the world’s **most crypto-active markets**, yet operates in a legal gray zone. Here’s the latest on regulations, adoption trends, and what’s next for crypto in Vietnam.

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## **📜 Legal Status: Crypto in a Regulatory Limbo**

- **🚫 No Official Ban, But No Legal Framework**

- Vietnam **does not recognize crypto as legal tender** (since 2018).

- **Trading & holding crypto is not illegal**, but banks are barred from processing crypto transactions.