#VietnamCryptoPolicy

Vietnam is transitioning from a crypto “grey zone” to a tightly‑controlled sandbox system. In early 2025, PM Phạm Minh Chinh directed the Finance Ministry and State Bank to draft legal frameworks and unveil pilot cryptocurrency exchanges in key financial hubs by late March 2025 . A national blockchain strategy (2024–2030) began rollout in October 2024, and by 2025, digital‑asset sandboxes led by exchanges like Bybit were in the works . Cryptos remain illegal as payment but are permitted as tradable assets, and regulations will include licensing, AML/KYC, investor protection, and a proposed small transaction tax . Vietnam now clearly regulates trading, ownership, taxation, and pilot markets—all steps toward full legalization by 2027.