#VietnamCryptoPolicy Vietnam's cryptocurrency policy remains cautious, with no formal legal framework for digital assets, though trading and ownership are not explicitly banned. The State Bank of Vietnam (SBV) prohibits the use of cryptocurrencies as payment, warning against risks like fraud and volatility. However, Vietnam has a thriving crypto community, ranking among the top countries for adoption. The government is exploring blockchain technology for economic growth while maintaining strict oversight on speculative trading. Recent discussions suggest potential regulatory developments to balance innovation and risk, but for now, Vietnam remains in a gray zone—neither fully embracing nor outright banning crypto, leaving investors navigating an uncertain landscape.