#VietnamCryptoPolicy

Central banks prohibit the use of cryptocurrencies as a means of payment, but around 17–26 million citizens own digital assets in an unregulated market so far.

• In March 2025, the government will issue a decision to launch a trial exchange for trading cryptocurrencies under the supervision of the Ministry of Finance aimed at regulating the market and ensuring investors' rights.

• The Ministry of Planning and Investment is preparing a mechanism for a "regulatory sandbox" in financial centers, to grant licenses to traders and platforms and assess the impact of new financial technologies including digital assets.

• Work is coordinated between the Ministry of Finance, the State Bank, and the Ministry of Justice to establish controls to combat money laundering and terrorist financing, in addition to rules for issuing and trading non-fungible tokens (NFTs) and other tokens.

• The ultimate goal is to complete the comprehensive legal framework by mid-2025, which will open the way for increasing the efficiency of the digital market and attracting new investments while protecting investors and state resources.