#VietnamCryptoPolicy Vietnam's crypto policy is currently in a transitional phase. While the government does not recognize cryptocurrencies like Bitcoin as legal tender or official means of payment, crypto trading and investment are not explicitly banned. The State Bank of Vietnam has warned against crypto-related risks, and authorities have cracked down on fraudulent activities. However, there are ongoing efforts to develop a regulatory framework. In 2024, Vietnam announced plans to study and pilot a central bank digital currency (CBDC). As the crypto market grows, the Vietnamese government aims to balance innovation with financial security, investor protection, and anti-money laundering measures.
