#VietnamCryptoPolicy
🇻🇳 #Vietnam’s Crypto Regulation Update
1. Legal Framework Coming by End of March 2025
Prime Minister Phạm Minh Chính issued Directive No. 05, mandating the Ministry of Finance and State Bank of Vietnam to craft a legal framework for digital assets—including cryptocurrencies—by the end of March 2025 .
The plan includes sandbox policies and pilot exchange operations to gradually regulate trading and token issuance .
2. March 2025 Pilot Crypto Exchange Launch
The Deputy Minister of Finance confirmed Vietnam will pilot its first government-authorized crypto exchange in March 2025, overseen by licensed entities
Binance’s Position in Vietnam
Binance has proactively engaged with regulators and VBA (Vietnam Blockchain Association). Lynn Hoàng, Binance Vietnam’s head, stated the firm is committed to complying with Vietnamese laws and expects to work under the upcoming regulations .
Binance Vietnam requests to avoid bringing up past regulatory fines (e.g., the $4.3B settlement in the U.S. in 2023) and emphasized ongoing willingness to cooperate .
Despite legal uncertainty, P2P trading with VND remains widespread, with Vietnamese users noting crypto is not banned—just not accepted as legal tender .