#越南加密政策

The following is a brief analysis of Vietnam's cryptocurrency policy (approximately 200 words) 🔍

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🌐 Background and Motivation

Vietnam has a high cryptocurrency adoption rate, with about 17 million people holding cryptocurrency assets and a total market value exceeding 10 billion USD. However, past cryptocurrency trading has been in a gray area, lacking regulatory protection, and was previously placed on the FATF's gray list.

🏛️ Regulatory Progress and Timeline

In March 2025, the Prime Minister of Vietnam ordered the Ministry of Finance and the Central Bank to submit a draft law on digital assets within the month, officially incorporating 'digital assets' into the draft of the Digital Technology Industry Law, with a regulatory sandbox pilot expected to launch in mid-2026.

📈 Testing Mechanism and Growth Opportunities

Plans are in place to establish a fintech sandbox, allowing cryptocurrency exchanges, payment platforms, and others to operate in a controlled environment, and to co-build a regulatory sandbox with Bybit. This move will attract innovative projects back to the local scene and foster the development of the blockchain industry.

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✅ Comprehensive Assessment

Vietnam is gradually moving from a regulatory gray area towards a well-developed legal framework, no longer prohibiting cryptocurrency trading but actively opening up and seeking to balance risk control and market innovation through a regulatory sandbox. Once the regulatory bill is implemented in the future, it will provide protection for cryptocurrency users and bring more investment and development opportunities to the industry ecosystem.