#VietnamCryptoPolicy Vietnam’s Crypto Policy:

A Mixed Approach

Vietnam’s stance on cryptocurrency remains cautious yet evolving. While the country bans crypto as legal tender, it recognizes digital assets as property under civil law. The State Bank of Vietnam (SBV) prohibits financial institutions from crypto transactions, but retail trading remains popular.

In recent years, Vietnam has emerged as a crypto hotspot, ranking high in adoption rates. Authorities are exploring regulatory frameworks to balance innovation and risk, focusing on anti-money laundering (AML) and investor protection. A draft law on virtual assets is under discussion, potentially formalizing crypto activities.

Despite regulatory uncertainty, Vietnam’s tech-savvy population and growing blockchain startups signal strong crypto potential. Clarity in policies could further boost the sector.