#VietnamCryptoPolicy Vietnam's cryptocurrency policies are becoming increasingly stringent. Starting in 2024, the Vietnamese government will explicitly prohibit the use of cryptocurrencies as a means of payment and has intensified regulation of illegal transactions. The central bank warns the public to be cautious of the risks associated with cryptocurrencies, emphasizing that they are not legally protected. Although blockchain technology is encouraged, all cryptocurrency transactions must comply with anti-money laundering regulations. Businesses involved in cryptocurrency activities must obtain permission. Vietnam is seeking to balance innovation with financial stability, and investors need to closely monitor policy changes to avoid legal risks.