#VietnamCryptoPolicy Vietnam's crypto policy as of June 2025 is still in transition towards clearer regulations. The government does not prohibit the ownership or trading of crypto, but it bans its use as a payment tool, with fines of up to VND 100 million for violations. Crypto adoption in Vietnam is high, ranking 7th globally with 20.69% user penetration, and investor profits reached $1.18 billion in 2023. The Ministry of Finance and the State Bank of Vietnam are drafting a legal framework, including a crypto sandbox that will be launched in mid-2026, focusing on AML/KYC and a 0.1% tax per transaction that could potentially generate $800 million per year. Despite its promise, the current lack of regulation increases the risk of fraud and money laundering, so investors are advised to exercise caution and stay updated on policy developments.