#VietnamCryptoPolicy

🇻🇳 Vietnam's Policy on Cryptocurrencies – Status as of 2025

🧾 Legal Status

• Cryptocurrencies are not recognized as legal means of payment

– Bitcoin, Ethereum, etc. cannot be used for payments in Vietnam.

– Using them as a means of payment carries a fine of 150–200 million VND (~25,000–33,000 PLN).

• Possession and trading:

– Possessing and trading cryptocurrencies as assets (e.g., investment) is allowed, but not as currency.

– There are currently no clear rules on taxation and legal protection for investors.

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🏗️ Building Legal Framework

• The Vietnamese government has tasked the Ministry of Finance with creating comprehensive regulations regarding cryptocurrencies and digital assets.

Deadline for preparation – by May 2025.

Objectives:

• combating money laundering,

• preventing terrorist financing,

• taxation of cryptocurrencies.

• A so-called “regulatory sandbox” is planned for blockchain companies and exchanges – allowing new solutions to be tested under government supervision.

Testing deadline: until 2026.

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📈 Recent Government Steps

• March 2025: the government announced the establishment of a state-licensed cryptocurrency exchange – as a pilot project.

• The Ministry of Finance proposed postponing the entry into force of regulations from July 1, 2026, to allow more time for impact analysis.

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⚖️ Opportunities and Threats

✅ Opportunities:

• Increasing market transparency.

• Protecting investors from fraud.

• Possibility of taxing crypto gains.

• Development of the blockchain and fintech sector.

⚠️ Risks:

• Many frauds related to crypto (lack of oversight).

• Most transactions occur through foreign exchanges (lack of state control).

• Potential use for money laundering.