#VietnamCryptoPolicy Vietnam's crypto policy remains cautious and restrictive. While blockchain technology is encouraged, cryptocurrencies like Bitcoin are not recognized as legal tender. The State Bank of Vietnam (SBV) prohibits financial institutions from handling crypto transactions, and the government warns against their risks. However, peer-to-peer trading persists, and Vietnam ranks among the top countries for crypto adoption. Regulatory frameworks are evolving, with discussions on potential licensing for crypto businesses. The government aims to balance innovation with financial stability, but strict enforcement against illegal activities continues. A comprehensive legal framework is expected in the future to address taxation, AML, and investor protection.