#VietnamCryptoPolicy Vietnam’s cryptocurrency policy is evolving to balance innovation with risk mitigation. Currently, crypto is not legal tender and its use for payment is prohibited, with fines ranging from VND150–300 million for violations . However, trading and ownership are tolerated in a legal grey zone, conducted largely on foreign exchanges . Adoption is high: around 17 million users, placing Vietnam fifth globally by adoption index . In 2025, the government mandated the Ministry of Finance and State Bank to draft a legal framework, including regulatory sandboxes, for digital assets by mid‑year . The goal: foster blockchain growth, curb fraud and money laundering, and integrate crypto into the formal economy thoughtfully and securely.