🏛️ Current Status of Regulation

By May 2025, the legal framework for digital assets must be ready, driven by a government mandate.

This includes defining what is considered “digital assets,” establishing obligations for services (exchanges, custodians), implementing AML/KYC, and preventing money laundering.

In March 2025, the Ministry of Finance and the Central Bank presented a regulatory draft that includes licensed pilot exchanges.

🔧 Pilot Programs and "Sandbox"

Regulated exchange pilots (sandbox) will be implemented starting in mid-2026, in collaboration with Bybit and other global players.

The sandbox period will extend until December 2027, and will serve to assess risks, investor protection, and provide practical data for broader regulation.

🌐 Strategic Framework and Long-term Vision

In October 2024, the Blockchain Strategy 2024–2030 was approved, integrating digital assets into the national digital transformation.

In the first half of 2025, the approval of the Draft DTI Law is expected, establishing definitions and regulatory sanctuaries for emerging technologies.

Special resolutions are also planned to promote international financial centers in HCM City and Da Nang with modern regulatory mechanisms.

🎯 Short- and Medium-term Forecast

Time Horizon Expected Evolution

End of 2025 Formalized legal framework; pilot exchanges in the authorization process; clarity in taxation and legal liability.

2026–2027 Actual launch of the sandbox; market testing under regulation, active oversight of AML/KYC.

Post-2027 Evaluation of pilot results; possible opening of the regulated market if tests perform well.

2030 Blockchain and digital assets fully integrated, with mature financial centers and international cooperation.

#VietnamCryptoPolicy #Binance #Write&Earn