#VietnamCryptoPolicy
1. Current Legal Status
The government does not recognize cryptocurrencies as a legal means of payment, and their use is punishable by fines of up to 150–200 million dong (~6,000–7,500 USD) or even imprisonment.
In contrast, buying and trading cryptocurrencies is allowed and treated as assets or commodities.
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2. Development of the Regulatory Framework
The Ministry of Finance and the Central Bank have been tasked with preparing a comprehensive legal framework to regulate cryptocurrencies and the trading of digital assets, to be presented before or in March 2025.
The government plans to launch experimental platforms (sandbox) for trading digital assets within financial centers such as Ho Chi Minh City.