#VietnamCryptoPolicy Vietnam is moving from a regulatory grey zone into a structured framework for cryptocurrencies. While the State Bank of Vietnam still bans crypto as legal tender, individual ownership and trading remain legal . In March 2025, Prime Minister Phạm Minh Chính instructed the Ministry of Finance and SBV to draft regulations and launch a pilot exchange sandbox by March 2025 (tuoitrenews.vn). The plan includes legal definitions for digital assets, licensing of exchanges, AML/KYC rules, and taxation measures, with a pilot phase running into 2027 and broader rollout into mid‑2026 sandbox experiments (lianpr.com). This marks a major step toward investor protection, market transparency, and crypto-led innovation in Vietnam’s digital economy.