#VietnamCryptoPolicy Vietnam is actively developing a legal framework to regulate cryptocurrencies. It recently directed the Ministry of Finance and the State Bank of Vietnam to draft and submit this framework—covering issuance, exchange operations, and digital asset definitions—by March 2025 . Plans include piloting a licensed crypto exchange within a sandbox in financial hubs such as Ho Chi Minh City and Da Nang, aiming to launch trading under strict AML, cybersecurity, and investor‑protection rules . While crypto isn’t recognized as legal tender, trading and holding are permitted. The move reflects rising local adoption and a desire to harness digital assets while mitigating risks .