Vietnam is accelerating crypto regulation with major steps expected in early 2025:
The government, led by the Prime Minister and Ministry of Finance, is finalizing a digital assets framework—anticipating a pilot regulation by March and aiming for full adoption by May 2025 .
Plans include licensed crypto exchanges, legal recognition of digital assets as property, sandbox environments with foreign partners (like Bybit), and pilot programs for issuance, trading, and custody through 2027 .
With over 17 million holders and $120 billion in on-chain flows, Vietnam ranks among the top global adopters—leveraging regulation to attract institutional engagement and generate tax revenue .
Vietnam's move brings digital asset clarity, investor protection, and economic potential, while also ensuring anti-money laundering safeguards. Expect more momentum on this evolving crypto-legislation front.
