#VietnamCryptoPolicy Vietnam is actively transitioning from a regulatory gray zone to structured oversight. The Prime Minister has tasked the Finance Ministry and State Bank to draft a crypto legal framework—targeted for completion by Q2 2025—with plans for a supervised sandbox launching mid-2026. That sandbox, developed with international partners like Bybit, will pilot regulated exchange operations, AML/KYC controls, and stablecoin use. Alongside regulatory clarity, Vietnam is exploring tax measures (like small transaction levies) to monetize its booming crypto adoption, which already sees nearly 17 million users and over $100 billion in trading activity .