#VietnamCryptoPolicy Vietnam is aligning its crypto regulations by mid‑2025. The State Bank prohibits crypto use as legal tender—violations may result in fines of ₫150–200 million (~US $6,000–8,000) (en.wikipedia.org). However, trading and ownership aren’t banned; around 17 million Vietnamese hold crypto, with over US $100 billion in holdings (tuoitrenews.vn). Under PM Phạm Minh Chinh’s directive, the Ministry of Finance and SBV are drafting a legal framework, including sandbox trials and a pilot exchange launched in March 2025 to enhance transparency and investor protection (tuoitrenews.vn). The aim: curb money-laundering, define asset classification, support token issuance, and secure tax revenue.