#VietnamCryptoPolicy
Vietnam's crypto policy has been evolving rapidly. Until recently, the country lacked clear regulations, but owning and trading crypto was not strictly prohibited. However, using cryptocurrency as a payment method is illegal. A new law passed on June 14, 2025, recognizes crypto assets and establishes a regulatory framework, set to take effect on January 1, 2026. This law categorizes digital assets into "virtual assets" and "crypto assets," focusing on blockchain-based innovations. The government aims to balance innovation with risk management, enhancing consumer protection and anti-money laundering measures. This move positions Vietnam as a potential leader in digital finance.