#VietnamCryptoPolicy

Vietnam is still developing a clear legal framework for cryptocurrencies. While crypto trading is not officially banned, the government does not recognize digital currencies like Bitcoin as legal tender. Citizens can buy and sell crypto, but they cannot use it for payments. Authorities are concerned about risks like fraud, money laundering, and investor protection. The State Bank of Vietnam has warned against crypto investments, calling them risky and unregulated. Meanwhile, the government is researching blockchain and planning to pilot a digital currency. Vietnam's crypto future remains uncertain, but regulatory developments are expected as interest in digital assets continues to grow.