#VietnamCryptoPolicy Vietnam’s Crypto Policy: Trading Allowed, Payments Banned 🇻🇳💱

Vietnam has taken a cautious yet progressive approach to crypto. While cryptocurrencies like Bitcoin and Ethereum are not legal for payments, citizens are allowed to own, trade, and invest in them as digital assets. The government, led by the State Bank and Ministry of Finance, is working on a comprehensive legal framework expected by late 2025. Key goals include regulating exchanges, enforcing anti-money laundering (AML) rules, and launching a sandbox model for testing crypto platforms. Penalties remain in place for using crypto in payments. With over 16 million users, Vietnam ranks high in global crypto adoption, and upcoming laws aim to balance innovation with investor protection.