#VietnamCryptoPolicy

Legal Grey Zone → Formal Regulation by May 2025

Since a 2017 ban on crypto as payment, Vietnam has operated in a legal grey zone, permitting trading and holding but treating cryptocurrencies as not legal tender .

Via Decision 194/QĐ‑TTg (Feb 2024), the Ministry of Finance (MoF) and State Bank of Vietnam (SBV) were instructed to draft a regulatory framework by May 2025, targeting anti‑money laundering and financial integrity .

---

2. National Blockchain Strategy & Pilots

Decision 1236/QĐ‑TTg (Oct 2024) launched a National Blockchain Strategy (2024–2030), supporting regulated sandbox trials of digital assets .

Under Directive 05/CT‑TTg (Mar 2025), the MoF and SBV were ordered to develop crypto regulation and a testing sandbox—planned to launch mid‑2026 .