#VietnamCryptoPolicy Vietnam is rapidly advancing its crypto regulations. In 2025, the government initiated a pilot program to establish a legal crypto trading framework. A regulated crypto exchange is being tested under state supervision, with strong KYC and anti-money laundering protocols. While crypto remains banned for payments, trading digital assets is now legal. The government aims to protect investors, prevent financial crimes, and boost tax revenues. Sandbox trials in Ho Chi Minh City and Da Nang are key to developing national policies. Vietnam is positioning itself as a crypto-friendly fintech hub while maintaining strict oversight to ensure market stability and trust.