Current Legal Status of $BTC
Digital currencies—such as Bitcoin and Ethereum—are not recognized as legal tender, and their use as a means of payment is criminalized, with the state imposing fines ranging from 150 to 200 million Vietnamese Dong.
However, trading or holding them is legal and not prohibited.
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🏦 Regulatory Framework for Digital Assets
As part of efforts to prevent money laundering and terrorist financing, the Ministry of Finance has been tasked with establishing a comprehensive legal framework by May 2025.
In March 2025, a directive was issued by the President.
