#VietnamCryptoPolicy
Vietnam's cryptocurrency policy is evolving, balancing innovation with regulatory caution. As of mid-2025, the government has not legalized cryptocurrencies as payment methods, but it has initiated steps toward formal regulation.
en.wikipedia.org
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antlawyers.vn
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Key Points:
Legal Status: Cryptocurrencies are not recognized as legal tender in Vietnam. Using them for payments is prohibited, with penalties ranging from VND 150–200 million or imprisonment under Article 206 of the Penal Code .
Trading and Ownership: Owning and trading cryptocurrencies is legal, but operates in a regulatory gray area due to the absence of a comprehensive legal framework .
reddit.com
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expat.com
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antlawyers.vn
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Regulatory Developments: The Prime Minister has directed the Ministry of Finance and the State Bank of Vietnam to draft a legal framework for managing cryptocurrencies, with a policy expected soon .
reddit.com
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vir.com.vn
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Sandbox Initiatives: Vietnam is exploring controlled experiments through digital asset sandbox pilot projects to promote the application of blockchain in various fields .
lianpr.com
International Exchanges: Foreign exchanges like Binance operate in Vietnam without local licensing, exposing users to risks such as fraud and lack of legal recourse .
vietnamtimes.thoidai.com.vn
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antlawyers.vn
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sblaw.vn
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In summary, while Vietnam has not banned cryptocurrency trading, it lacks a clear regulatory framework, and users should exercise caution when engaging with digital assets.
