#VietnamCryptoPolicy is currently in a transitional phase as the government works to regulate digital assets. While cryptocurrencies like Bitcoin are not recognized as legal tender, owning and trading them is not explicitly banned. The State Bank of Vietnam prohibits the use of crypto for payments, but investment and holding remain legal in a grey area. Authorities are actively researching blockchain technology and working on a legal framework to regulate digital currencies and virtual assets. This cautious yet progressive approach reflects Vietnam’s intent to foster innovation while maintaining control over monetary policy and protecting consumers from financial risks.