#越南加密政策

Vietnam's cryptocurrency policy has recently shown a shift from strict restrictions to gradual openness. In 2018, the State Bank of Vietnam (SBV) explicitly prohibited cryptocurrencies as a means of payment and restricted the import of mining machines, but did not completely ban trading. In June 2025, the National Assembly of Vietnam passed the Digital Technology Industry Bill, categorizing digital assets into virtual assets and encrypted assets, with plans to take effect in January 2026, laying the groundwork for legalization. Meanwhile, the Ministry of Finance has partnered with Bybit to launch a regulatory sandbox pilot, allowing the testing of cryptocurrency asset trading in a controlled environment, promoting market normalization.

The core of the policy includes: 1) Prohibiting cryptocurrencies as legal tender, but allowing companies to issue virtual assets for financing; 2) Planning to establish a regional financial center and introduce a regulatory sandbox mechanism, with a pilot for cryptocurrency trading expected to start in July 2026; 3) The tax framework is yet to be improved, currently, there is no tax on cryptocurrency trading profits, but the Ministry of Justice has proposed referencing the securities tax model (e.g., 0.1% tax rate) to increase fiscal revenue. Vietnam has over 17 million cryptocurrency users, with a market capitalization exceeding $100 billion. The policy adjustments aim to balance risk and innovation, attract foreign investment, and promote the development of blockchain technology.