#VietnamCryptoPolicy Vietnam’s approach to cryptocurrency combines high adoption with tight regulation. Retail and P2P trading are legal—even booming, with millions invested . However, using crypto as payment is banned by the State Bank of Vietnam—violations can lead to fines around ₫150–200 million . Since 2024, the government has accelerated efforts: launching a National Blockchain Strategy (2024–2030), drafting a Digital Tech Industries Law, and initiating a digital asset sandbox in partnership with Bybit, with pilots expected by mid‑2026 . Experts warn of risks—money laundering, fraud, weak consumer protection—and urge strong AML/KYC rules amid rapid growth .