♦ The cryptocurrency policy in Vietnam has been relatively restrictive.
The Vietnamese government officially banned the use of cryptocurrencies, such as Bitcoin, in legal transactions in 2018, citing concerns about financial stability and potential illegal activities. However, owning or holding cryptocurrencies as assets is not considered illegal, and they are traded through underground or unregulated exchanges.
♦ Key points about cryptocurrency policy in Vietnam: ..
• Legal status: Trading cryptocurrencies and using them as a means of payment is prohibited.
• Regulation: The State Bank of Vietnam (SBV) emphasizes the use of the Vietnamese Dong in all transactions.
• Developments: Despite a complete ban, there is a growing interest in blockchain technology and potential future regulatory frameworks… |
