#VietnamCryptoPolicy Vietnam is rapidly moving to regulate crypto. In early 2025, the Prime Minister tasked the Ministry of Finance and State Bank with drafting a legal framework for digital assets—covering crypto, exchanges, and NFTs—by March or May 2025, aimed at anti‑money laundering and investor protection . The plan includes sandbox pilots for licensed exchanges and fintech hubs, KYC mandates, transaction reporting, and hefty fines for payment use prohibition . Though crypto isn’t banned, it’s not legal tender. Trading and mining continue, but without clear tax or consumer safeguards . The aim: harness widespread adoption (~17 million users) while curbing illicit finance risks .