Vietnam is actively shaping a comprehensive cryptocurrency policy under the hashtag #VietnamCryptoPolicy. Here's a concise overview of the key developments:
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šļø Legal & Regulatory Framework
May 2025 tieāin: The Ministry of Finance is tasked with drafting a legal frameworkāeither to ban or regulate crypto assetsāaimed at strengthening antiāmoney laundering and counterāterrorism measures .
March 2025 push: Official directives (e.g., Directive 05, Resolution 27/NQāCP) require both MOF and State Bank of Vietnam to finalize crypto regulations, including the launch of a sandbox trading platform .
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š± Crypto Trading & Pilot Programs
Pilot exchange platform: A stateālicensed, pilot crypto trading platform is being planned to safeguard investors .
Controlled sandbox: Proposed under multiple draft laws, this sandbox aims to ensure safe experimentation, possibly active from midā2026 .