#VietnamCryptoPolicy

The cryptocurrency policy in Vietnam is restrictive. The use of cryptocurrencies as a form of payment was declared illegal at the end of 2017, and the Vietnamese government has tightened regulations since then. The Ministry of Finance proposed a temporary ban on the import of hardware for cryptocurrency mining, citing regulatory difficulties.

*Regulation:*

- *Payment Ban*: Cryptocurrencies are not accepted as an official form of payment.

- *Import Restriction*: Proposed temporary ban on the import of hardware for mining.

- *Oversight*: The Vietnamese government has tightened oversight of cryptocurrency-related activities.

These measures aim to control the use of cryptocurrencies in the country.¹