#VietnamCryptoPolicy

Vietnam is cautiously embracing cryptocurrency while maintaining strict regulatory oversight. The government does not recognize crypto as legal tender but allows its use as a virtual asset. Trading and holding crypto like Bitcoin is not illegal, but using it for payment is prohibited. Vietnam’s Ministry of Finance has established a research group to study crypto regulations, and a legal framework is in development. The country is also exploring a central bank digital currency (CBDC). Authorities warn citizens about risks related to fraud and scams, emphasizing investor protection while aiming to support blockchain innovation and align with global regulatory standards.