#VietnamCryptoPolicy 🇻🇳 Vietnam’s Crypto Code: Sandbox to Regulation in 2025? 🚀

Vietnam is rapidly shifting from a crypto grey zone to a regulated ecosystem. Here's the latest:

1️⃣ Legal Framework on Fast-Track

The Prime Minister has mandated the Ministry of Finance and State Bank to finish drafting a regulatory framework for digital assets by May 2025, with goals including AML/CTF compliance and formal recognition of crypto transactions

2️⃣ Sandbox & Pilot Exchanges Launching

Vietnam plans to open pilot crypto exchanges in financial hubs like Ho Chi Minh City and Da Nang. A sandbox pilot is slated to begin in mid‑2026, offering controlled experiments with licensing, AML/KYC safeguards, and stablecoins.

3️⃣ Blockchain Strategy & Digital Asset Law

Vietnam’s National Blockchain Strategy 2024–2030 acknowledges blockchain as a strategic tech. Draft legislation under the Digital Technology Industry Law introduces a formal definition of crypto-assets, paving the way for clarity on taxation, trading, custody, and ICO rules.

4️⃣ Taxation & Revenue Potential

With ~17 million crypto users and over US$100 billion in asset value, a modest 0.1 % transaction tax could yield $800 million+ annually — provided anonymity and DeFi channels are controlled.

Vietnam is embracing a cautious, phased rollout: formalize, pilot, then scale. If well-balanced, this approach may foster adoption, innovation, investor protection, and tax revenue — while keeping financial risks in check. 🔍⚖️

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