#VietnamCryptoPolicy

The policy regarding cryptocurrencies in Vietnam is summarized as follows: cryptocurrencies are not recognized as legal tender and are not allowed to be used as a means of payment. According to Vietnamese law, the only official currency is the Vietnamese dong (VND). The State Bank of Vietnam (SBV) clarified that Bitcoin and other cryptocurrencies cannot be used as a medium of exchange for goods and services. Therefore, businesses and individuals are not permitted to accept cryptocurrencies as a payment method.

Additionally, there is a ban on issuing, displaying, and using cryptocurrencies as a form of payment.

Summary of key points:

Cryptocurrencies are not legal tender in Vietnam.

The Vietnamese dong (VND) is the only official currency.

Cryptocurrencies are not allowed to be used as a means of payment.

Ban on issuing, displaying, and using cryptocurrencies as a form of payment.