#VietnamCryptoPolicy Historical Context & Present Status

Crypto payments banned since 2017 under SBV, but trading/holding remains legal, existing in a regulatory grey zone .

Retail adoption soared—nearly 17 million holders (valued at over US $100 billion), ranking Vietnam among the top adopters globally .

However, the lack of formal oversight led to AML/terror-financing risks, contributing to Vietnam’s FATF grey-listing in 2023 .

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🏛️ Legal & Strategic Roadmap

1. Blockchain Strategy 2024–2030 (Decision 1236/QĐ‑TTg, Oct 2024) launched blockchain promotion and legal sandbox tests .