#VietnamCryptoPolicy Vietnam’s cryptocurrency policy is evolving rapidly in 2025, transitioning from a regulatory gray zone to a structured framework. Cryptocurrencies like Bitcoin are not legal tender, and their use as payment is prohibited, but ownership and trading remain popular, with Vietnam ranking high globally in adoption. The government is developing a legal framework by May 2025, including a regulatory sandbox, AML/KYC measures, and tax policies, potentially generating $800M annually from a 0.1% transaction tax. A state-licensed crypto exchange is planned for 2026. This aims to balance innovation, investor safety, and economic stability while addressing risks like fraud and money laundering.