#VietnamCryptoPolicy

Vietnam is actively moving toward formalizing crypto regulations. By March–May 2025, the Ministry of Finance and State Bank are tasked with drafting a legal framework to authorize, pilot, or ban trading and issuance of digital assets. A pilot trading platform under state oversight is expected soon, providing licensed services like issuance, trading, custody, and exchange operations . Cryptocurrency remains illegal as legal tender, but trading and ownership are permitted. Taxation models—possibly a small transaction tax, capital gains levy, and licensing fees—are under consideration . Vietnam aims to foster innovation while controlling risks like money laundering, investor protection, and financial stability.