#VietnamCryptoPolicy Vietnam is taking bold steps toward regulating its booming cryptocurrency market, one of the largest globally, with over 20% of its population owning digital assets. In March 2025, Prime Minister Pham Minh Chinh directed the Ministry of Finance and the State Bank of Vietnam to propose a comprehensive legal framework for digital assets by May 2025, aiming to balance innovation with investor safety. The government plans to launch a state-licensed digital currency exchange and a regulatory sandbox by mid-2026 to test crypto trading platforms under strict oversight.

This shift follows years of regulatory ambiguity, where cryptocurrencies were not recognized as legal tender but remained popular for trading and investment. The new framework will address anti-money laundering (AML), taxation, and fraud prevention, responding to incidents like a recent $100 million crypto scam. With annual crypto inflows exceeding $100 billion, Vietnam aims to foster a secure digital economy while positioning itself as a blockchain hub by 2030.