$BTC

Vietnam adopts a cautious regulatory approach to cryptocurrency and has not yet recognized virtual currencies such as Bitcoin as legal means of payment. The State Bank of Vietnam explicitly prohibits the use of cryptocurrencies for trading goods and services, but allows individuals to hold and invest in them. The government is actively studying a regulatory framework for virtual assets to establish a legitimate framework to ensure market order and protect investors' rights. By 2025, Vietnam plans to launch a pilot for an official digital currency (CBDC) to test the potential of digital payments. At the same time, cryptocurrency mining activities are not illegal but must comply with energy and tax regulations. Overall, the policy trend balances control and development, preventing risks while exploring innovative potential.