#VietnamCryptoPolicy 🇻🇳 Vietnam Crypto Policy Update – 2025

1. Pilot Regulations by March

Vietnam’s Prime Minister has directed the Ministry of Finance and State Bank to draft and pilot a regulatory framework for digital assets by mid-March 2025, addressing a long-standing legal vacuum .

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2. From Grey Zone to Sandbox Pilot

Cryptocurrencies have been banned for payments but remain legal to trade and hold. In early 2025, Vietnam launched a crypto sandbox in partnership with Bybit and global experts, enabling controlled experimentation under AML/KYC rules .

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3. National Blockchain Strategy (2024–2030)

Under Resolution 1236/QĐ‑TTg, Vietnam aims to boost blockchain innovation—promoting homegrown platforms, training talent, and building dedicated blockchain zones .

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4. Rationale: Adoption Meets Risk

Over 17 million users (≈ 20% of the population) hold crypto — one of the world’s highest adoption rates .

Authorities are concerned about scams, money-laundering, and illicit use ─ several crypto-related fraud cases and terrorist financing via virtual assets have been flagged .

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5. Upcoming Legal Frameworks

Vietnam is preparing three key regulatory drafts to be finalized by mid‑2025:

Draft Digital Technology Industry (DTI) Law (defining digital assets)

Draft Crypto Pilot Resolution (sandbox rules through 2027)

Draft Financial Center Resolution (licensing crypto platforms under new financial zone regulation) .

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🔍 What This Means

Vietnam is transitioning from reactive bans to structured regulation—supporting innovation while ensuring compliance, market integrity, and consumer protection. The sandbox model positions it to become a regional hub for digital asset experimentation.

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Bottom Line:

Vietnam’s move from legal uncertainty to regulated testing environments signals a major shift: crypto is legal to trade, banned for payments, and soon poised for pilots under official oversight.