#VietnamCryptoPolicy
Vietnam Updates Crypto Policy Framework Amid Rising Interest
HANOI – Vietnam’s government is intensifying efforts to regulate the cryptocurrency sector, signaling a more structured approach as digital assets gain traction nationwide.
According to a June 2025 update from the Ministry of Finance, Vietnam is drafting a comprehensive legal framework for managing cryptocurrencies, covering taxation, trading platforms, and anti-money laundering (AML) compliance. The proposed policy aligns with the Prime Minister’s Directive No. 1255, aimed at improving oversight of virtual assets and digital currencies.
Key highlights include:
Licensing requirements for crypto exchanges operating in Vietnam.
Stricter KYC (Know Your Customer) protocols for all crypto-related businesses.
Taxation rules under review, particularly for individual crypto traders and DeFi participants.
The State Bank of Vietnam is also assessing the viability of a Central Bank Digital Currency (CBDC) pilot.
Although cryptocurrency remains neither fully legal nor outright banned in Vietnam, authorities continue to treat it as a "virtual asset" rather than legal tender.
Analysts say these developments reflect Vietnam's desire to balance innovation with financial stability, especially as regional neighbors like Singapore and Hong Kong advance their crypto-friendly policies
