#VietnamCryptoPolicy Vietnam has taken a cautious yet progressive approach to cryptocurrency policy. While crypto is not recognized as legal tender, the government permits trading and holding of digital assets. The State Bank of Vietnam prohibits cryptocurrencies as a means of payment, citing concerns over fraud and money laundering. However, authorities have shown increasing interest in blockchain technology. In 2025, Vietnam plans to pilot a digital currency issued by the central bank. The country is also working on regulatory frameworks to govern crypto exchanges and protect investors. Overall, Vietnam is moving towards a balanced stance—encouraging innovation while aiming to maintain financial security.