#VietnamCryptoPolicy As of June 2025, Vietnam maintains a cautious stance on cryptocurrency. The State Bank of Vietnam has declared that the issuance, supply, and use of Bitcoin and other similar virtual currencies are illegal as a means of payment. Violations can result in fines ranging from 150 million to 200 million VND. However, the government does not ban the trading or holding of cryptocurrencies as virtual goods or assets, allowing individuals to buy, sell, and hold digital currencies within the country .

This regulatory approach aims to protect consumers and maintain financial stability while acknowledging the growing interest in digital assets. Individuals and businesses engaging in cryptocurrency activities are advised to stay informed about the legal framework and ensure compliance with existing regulations.