#VietnamCryptoPolicy Vietnam has been moving quickly this year to build a legal and regulated framework for cryptocurrencies:

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📌 Key Developments

1. Crypto recognized but not legal tender

Vietnam's central bank has consistently stated that cryptocurrencies like Bitcoin and Ethereum are not legal currencies, though they are allowed to be traded and held as assets .

2. National blockchain strategy in motion

A comprehensive blockchain strategy (Decision 1236/QĐ‑TTg) is in place through 2025, with vision extending to 2030 .

3. Drafting a legal framework

The Ministry of Finance, in coordination with the State Bank of Vietnam (SBV), has been tasked by Prime Minister Phạm Minh Chính to complete regulations for digital assets by March 2025 .

This legal framework aims to define digital assets, introduce licensing rules, AML/CFT safeguards, cybersecurity standards, and investor protections .

4. Sandbox pilot exchange launching

A controlled testing environment (“sandbox”) for a pilot cryptocurrency exchange is planned at international financial hubs like Ho Chi Minh City and Da Nang by 2025 .

Deputy