#VietnamCryptoPolicy 🛡️

Vietnam is consolidating as one of the most crypto-enthusiastic countries in the world. According to the Global Blockchain Adoption Index 2024, it ranked number 5, with over 17 million people owning cryptocurrencies. Additionally, more than US $100-120 billion in capital linked to blockchain enters each year.

🔍 What is happening now with its crypto policy?

1. Towards legalization and taxation: The Ministry of Finance is advancing a general law on digital assets, with a clear legal framework and regulations. Consensus is expected from the Central Bank and other entities to reduce gray areas.

2. Regulatory sandbox on the way: Vietnam plans to launch an experimental environment in 2026 where fintech companies and blockchain projects can operate under supervision, with pilot testing and direct feedback from the government.

3. Balanced tax system: A light tax scheme is being studied —per transaction (0.1%) and capital gains— to avoid capital flight without discouraging participation.

⚠️ However, challenges persist: crypto scams prevail, the difficult traceability of transactions, and some legal ambiguity regarding how to classify digital assets.

From the international community, it is also highlighted how in Vietnam "76% of crypto holders invest according to recommendations," revealing the strong social dimension of this boom! 💣

🔜 In summary: the popularity of crypto in Vietnam is immense, and its policy is oriented towards strategic regulation. If the government achieves balance, it could consolidate as a regional leader in blockchain and fintech.