#VietnamCryptoPolicy

Vietnam demonstrates an active interest in cryptocurrencies, although the official legal status remains ambiguous. It is prohibited to use cryptocurrencies as a means of payment in the country, but ownership and trading are not criminalized. Despite regulatory restrictions, Vietnam is among the countries with the highest levels of crypto adoption, particularly due to the active participation of the population in trading and DeFi. Authorities are exploring the possibilities of implementing a central bank digital currency (CBDC) and are gradually preparing the legislative framework. Regulators aim to find a balance between innovation and investor protection. Thus, Vietnam remains a promising yet cautious player in the crypto market.