#越南加密政策 #越南加密政策

Vietnam's cryptocurrency policy has shown a transition from strict restrictions to gradual openness in recent years. 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 Law, which divides digital assets into virtual assets and cryptocurrency assets, with plans to take effect in January 2026, laying the groundwork for legalization. At the same time, 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 standardization.

The core of the policy includes: 1) prohibition of cryptocurrencies as legal tender, but allowing companies to issue virtual assets for financing; 2) plans to establish a regional financial center, introducing a regulatory sandbox mechanism, with a pilot for cryptocurrency trading expected to start in July 2026; 3) the tax framework remains 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., a 0.1% tax rate) to increase fiscal revenue. Vietnam has over 17 million cryptocurrency users, with a market capitalization exceeding $100 billion, and the policy adjustment aims to balance risks and innovation, attract foreign investment, and promote the development of blockchain technology.