#VietnamCryptoPolicy

Of course! Here is a comprehensive summary of the cryptocurrency policy in Vietnam

🇻🇳 #Cryptocurrency_Policy_in_Vietnam

🧩 Current Situation:

Prohibited as a means of payment: The use of cryptocurrencies (such as Bitcoin) as a means of payment is not allowed, and those who use them in this way are subject to fines ranging from 150 to 200 million Vietnamese Dong.

Allowed for holding and trading: Despite the ban on payments, individuals can own and trade cryptocurrencies as digital assets without formal criminalization.

⚖️ Vietnam's Steps to Regulate the Market:

1. National Strategy for Blockchain Technology

A government resolution has been issued aiming to widely adopt blockchain technology in Vietnam by 2030, as part of the vision to develop the digital economy.

2. New Draft Laws (in preparation):

The government is working on preparing 3 main draft laws:

Digital Technology Industry Law: This will include an official definition of digital assets and allow for the launch of experimental projects (Sandbox) for cryptocurrencies.

Resolution for Digital Financial Centers: Aims to create trading platforms for cryptocurrencies in special financial zones.

Experimental Law for Cryptocurrency Trading: Allows for the issuance, trading, and storage of cryptocurrencies under the supervision of the Ministry of Finance, with the experimental period continuing until the end of 2027.

3. Launch of Experimental Trading Platforms:

The first official trading platforms will start in March 2025 under government supervision. By mid-2026, **experimental environments will be launched.