#VietnamCryptoPolicy

Vietnam continues to make strides in regulating its crypto landscape, with a focus on both innovation and investor protection. The State Bank of Vietnam and the Ministry of Finance are working together to establish a legal framework for digital assets, aiming to reduce illegal transactions and ensure financial stability. While cryptocurrencies like Bitcoin are not recognized as legal tender, trading and holding them are not banned. The government is also exploring the potential of a central bank digital currency (CBDC) in a pilot phase. These developments show Vietnam's cautious yet proactive approach toward blockchain and crypto innovation. #VietnamCryptoPolicy