#VietnamCryptoPolicy

1. No legal tender Crypto is not recognized as currency but allowed as an asset.

2. No outright ban Trading & holding permitted, but no formal regulatory framework yet.

3. Taxation unclear No specific crypto tax laws, but capital gains may apply.

4. Strict anti-money laundering (AML) rules Exchanges must comply with KYC/AML.

5. Central Bank warnings Repeated alerts on risks of unregulated crypto trading.

6. Growing adoption Vietnam ranks high in global crypto usage (top 3 in 2023).

7. CBDC testing Pilot for digital Vietnamese Dong (VND) underway.

8. No licensed exchanges Binance, OKX popular but operate in gray zone.

9. Future regulation expected Government studying global models for crypto laws.

10. Tech-friendly stance Blockchain encouraged for business, not just crypto trading.