Vietnam’s crypto landscape is undergoing a major shift under #VietnamCryptoPolicy101. As of early 2025, Vietnam’s Ministry of Finance and State Bank are drafting a legal framework to regulate crypto assets—targeting completion between March and May 2025—to curb money laundering and protect investors . They also plan a pilot cryptocurrency exchange within controlled “financial centre” sandboxes such as Ho Chi Minh City and Da Nang, aiming for secure, licensed trading . Currently, crypto isn’t banned but lacks legal status; with over 17 million holders, Vietnam ranks among the world’s top adopters . These reforms seek to transform Vietnam into a regional fintech hub while balancing innovation and risk.