#VietnamCryptoPolicy

Regulations. As of Decree No. 52/2024 issued in May 2024, cryptocurrencies are considered illegal for payments, but are allowed as tradable assets under strict controls including: Know Your Customer, Anti-Money Laundering, transaction monitoring, and record keeping. By March 2025, the Ministry of Finance and the Central Bank have been ordered to establish a legal framework and experiment with a government-approved cryptocurrency trading platform under experimental supervision. The draft decision allows licensed entities to issue virtual assets and aims to reduce illegal activities while promoting economic growth. Vietnam ranks high globally in cryptocurrency adoption (approximately 17 million users), leading to clearer policies and efforts to protect investors.