#VietnamCryptoPolicy ## Vietnam's Policy on Digital Currencies

The Vietnamese government has not recognized cryptocurrencies as legal tender or legitimate means of payment since 2021.

The use of Bitcoin and Ethereum in everyday commercial transactions is officially prohibited.

However, authorities allow the trading of digital currencies as investment assets without full regulatory protection.

Local exchange platforms are subject to oversight by the State Bank and directives from the Ministry of Finance.

The government is considering a new legislative framework to keep pace with global market developments.

The amended Securities Law 2024 includes potential provisions for digital assets.

Despite the restrictions, Vietnamese blockchain communities are thriving and attracting significant tech investments.

Vietnam shows an increasing awareness of the importance of balancing innovation with managing financial risks.

The Vietnamese market remains active with expectations of evolving regulatory policies in the coming years.

This dynamism reflects broader economic shifts in Southeast Asia towards digitization.