#VietnamCryptoPolicy Vietnam accelerates its crypto regulation: towards a legal framework and digital sandbox in 2025

1. Urgent government agenda

Prime Minister Pham Minh Chinh has ordered the Ministry of Finance and the State Bank (SBV) to deliver a draft regulation on cryptoassets by March–May 2025  .

2. National strategy and planned sandbox

• In October 2024, the “Blockchain 2024–2030” strategy was launched, focusing on piloting digital assets through a sandbox.

• The pilot program with Bybit and other firms aims to launch in mid-2026, transitioning from uncertainty to a controlled environment.

3. Supervision, regulation, and inclusion model

• They aim to prevent money laundering, tax evasion, and protect investors by establishing AML/KYC and licensing structures.

• Moderate taxes are being evaluated: 0.1% per transaction, 10% on profits, similar to the EU or Singapore, complemented by licenses and operational fees.

4. Growing crypto market and regulatory motivations

• Vietnam ranks 5th globally in crypto adoption, with between 10–17M users and over USD 120B in annual volume .

• The regulation aims to capture taxes, prevent capital flight, increase transparency, and attract institutional platforms .

💡 Key motivation

Vietnam is transitioning from a gray zone to a regulated market, paving the way for a varied ecosystem: legal trading, stablecoins, ICO launches, and tokenization enabled by a clear legal framework.

🔥 Call to action

How do you see this transition in Vietnam? Do you think a sandbox can achieve a solid and secure crypto environment? Let us know below 👇

#CryptoPolicy #BlockchainVN #VietnamSandbox