#VietnamCryptoPolicy Vietnam is rapidly emerging as a significant player in the global crypto space, yet its regulatory approach remains cautious and evolving. Currently, cryptocurrencies are not recognized as legal tender in Vietnam, and using them as a means of payment is prohibited. However, trading and holding digital assets like Bitcoin and Ethereum are not explicitly banned for investment purposes. The government is actively researching blockchain and digital currencies, with the State Bank of Vietnam even exploring the potential of a Central Bank Digital Currency (CBDC). As the crypto market grows, Vietnam's policymakers aim to strike a balance: encouraging innovation and blockchain development while safeguarding consumers and maintaining financial stability.