#VietnamCryptoPolicy Vietnam is actively moving from a crypto‑grey zone toward a regulated digital‑asset landscape. In early 2025, the Ministry of Finance submitted draft regulations to govern virtual asset trading, planning a pilot crypto exchange by March, operated under strict state authorization to ensure investor protection . This lays the foundation for a broader legal framework targeted for completion by May 2025, designed to combat money laundering, fill ownership-definition gaps, and enable Vietnamese firms to issue their own tokens for fundraising . Complementary moves include embedding digital‑asset regulations in civil and commercial law, tax policy, and a fintech sandbox model . Given that over 17 million Vietnamese already hold crypto—ranking among the world’s top adopters—the new framework seeks to harness this momentum while mitigating risks, modernizing the financial system, and fostering blockchain innovation .