#VietnamCryptoPolicy Vietnam is transitioning from a crypto "grey zone" to a structured, state-led regulatory environment, marking a significant shift in its approach to digital assets.

🇻🇳 Vietnam's Evolving Crypto Regulatory Landscape

In early 2025, Prime Minister Pham Minh Chinh directed the Ministry of Finance and the State Bank of Vietnam to develop a comprehensive legal framework for digital assets, aiming for completion by March 13, 2025. This initiative is part of a broader effort to formalize the digital asset sector, enhance investor protection, and combat financial crimes such as money laundering and terrorist financing .

🧪 Introduction of a Regulatory Sandbox

Vietnam is implementing a controlled pilot program, or "sandbox," to test cryptocurrency exchanges and digital asset platforms. This sandbox will allow for real-world experimentation with compliance frameworks, anti-money laundering (AML) and know-your-customer (KYC) protocols, and stablecoin applications, under the supervision of the Ministry of Finance and in collaboration with international exchanges like Bybit .

📜 Legislative Developments

The Vietnamese government is advancing several key legislative initiatives:

Draft Law on Digital Technology Industry (DTI Law): This law aims to define digital assets and blockchain technologies, recognizing them as strategic areas for development. It includes provisions for a controlled sandbox for digital technology convergence products and services .

Draft Resolution on Crypto Pilot Implementation: This resolution proposes a pilot program for the management, issuance, trading, and ownership of crypto assets in Vietnam, with a timeline extending until December 31, 2027 .

These legislative efforts are expected to provide clearer legal guidance and foster a more secure environment for digital asset activities.