#VietnamCryptoPolicy#VietnamCryptoPolicy 🇻🇳📜
Vietnam accelerates regulation of digital assets with an innovative approach
🔹 Legal framework about to be approved
Prime Minister Phạm Minh Chính ordered the Ministry of Finance along with the State Bank of Vietnam (SBV) to present a draft regulation for digital assets by March 13, 2025. This framework will greenlight pilot exchanges and define clear rules for issuance, trading, and custody, promoting transparency and investor protection.
🔹 “Sandbox” programs and pilot strategies
In March 2025, Vietnam launched a regulated sandbox mechanism alongside Bybit, and plans pilot exchanges that operate under supervision and KYC/AML. The sandbox is expected to start in mid-2026, marking the transition from the gray area to controlled testing.
🔹 National blockchain strategy and laws on the way
The “Blockchain Strategy 2024‑2030” promotes technological capacity and digitalization, with active pilot projects. The approval of three key laws in the National Assembly is expected between May and May‑June 2025:
1. Law on the Digital Technology Industry (includes digital assets),
2. Resolution on regional/international financial centers, with trading platforms
3. Pilot resolution for the implementation of the crypto asset market (until December 31, 2027).
🔹 Background and context
Due to the halt of illicit money through cryptocurrencies and pressure from FATF (grey-listing in 2023), Vietnam accelerated regulatory efforts. In 2023‑24, the country welcomed flows of over USD 105 billion in blockchain and has approximately 17 million crypto users.
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✋ Key points
📆 Draft regulation presented in March 2025.
🏗 Pilot exchanges (sandbox) in 2025‑2026.
📜 Legal framework with three comprehensive laws: digital, financial, and crypto sectors.
💡 Objective: legitimacy, secure investment, risk control, economic growth.
🌱 Positioning: Vietnam aligns with regional leaders like Singapore/Hong Kong to attract investment and crypto talent.
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🧭 What does this policy mean for you?
Investors: greater legal security and protection through regulated exchanges.
Companies: ease of issuing tokens and operating formally in the country.
Fintech: access to controlled sandbox environments for agile innovation without legal risks.
Authorities: strengthening against money laundering and tax evasion.
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Vietnam is transforming its vision of crypto: from an informal gray area to a managed, transparent, and competitive ecosystem. #VietnamCryptoPolicy is not just a regulatory change; it’s the seed of a new financial ecosystem driven by blockchain innovation.