#VietnamCryptoPolicy
1. Current Legal Status
The government does not recognize cryptocurrencies as legal means of payment, and using them for that purpose is punishable by fines of up to 150–200 million dong (~6,000–7,500 USD) or even imprisonment.
In contrast, buying and trading cryptocurrencies is allowed and treated as assets or goods.
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2. Development of the Regulatory Framework
The Ministry of Finance and the Central Bank have been tasked with preparing a comprehensive legal framework to regulate cryptocurrencies and the trading of digital assets, to be presented by or in March 2025.
The government plans to launch experimental platforms (sandbox) for trading digital assets within financial centers such as Ho Chi Minh City and Da Nang during 2025.
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3. Limited Trading Platform Trials
Operational trials for digital currency trading platforms are expected to begin in financial centers after 2026, but they require further study and agreement among government entities.
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4. Blockchain National Strategy
As part of a national blockchain strategy until 2025-2030, Vietnam aims to adopt 20 local brands in blockchain and establish 3 testing centers.