#VietnamCryptoPolicy Vietnam’s crypto policy is rapidly evolving. While cryptocurrencies like Bitcoin aren’t legal tender and may incur penalties if used for payments, owning or trading them remains permitted . In October 2024, Vietnam unveiled a 2024–2030 Blockchain Strategy and by early 2025 initiated a digital‑asset sandbox, overseen by the Ministry of Finance in partnership with exchanges (e.g., Bybit), aiming to pilot regulated trading environments by mid‑2026 . The government, spurred by FATF grey‑listing, has tasked the Ministry of Finance and State Bank to establish a full regulatory framework—draft legislation is expected by May 2025, including licensing, AML/KYC, taxation, and a controlled market trial .