$BTC

In early 2025, the Vietnamese government accelerated the advancement of its cryptocurrency policy, clearly incorporating digital assets into the regulatory framework. Prime Minister Pham Minh Chinh issued a directive in March, requiring the Ministry of Finance and the State Bank of Vietnam to formulate detailed regulations by the end of March, including KYC/AML mechanisms, sandbox pilots, trading licenses, and tax arrangements.

Currently, while using cryptocurrency as a payment method remains illegal, 'holding and trading' is not legally prohibited. The introduction of this policy aims to encourage the development of local cryptocurrency companies, attract blockchain investments, and fill the tax revenue gap.

As one of the leading countries in global cryptocurrency adoption (with approximately 21% of users and a trading volume exceeding $120 billion), Vietnam hopes to become a highlight market for digital asset competition in Southeast Asia through clear regulations. However, the regulatory path still needs to strike a balance between promoting innovation and preventing risks; future sandbox policies and exchange licenses will be key points.