#VietnamCryptoPolicy Vietnam has a rapidly evolving crypto policy aiming to regulate—not ban—the space. The government, led by the Ministry of Finance and the State Bank, is drafting a digital‑assets legal framework scheduled for finalization by March–May 2025 to combat money laundering, tax evasion, and illicit finance . While crypto isn’t recognized as legal tender and using it for payments can lead to fines, trading and investment remain permitted . The policy includes sandbox trials, licensing of service providers with strict KYC/AML rules, and enhanced supervision . With high adoption rates—nearly 26 million holders—Vietnam seeks to balance innovation with consumer protection and financial stability.