#VietnamCryptoPolicy 🔹 Legal Status of Cryptocurrency

Not legal tender: The Vietnamese đồng (VND) is the only official currency. Cryptocurrencies like Bitcoin are not recognized as legal means of payment.

Trading is allowed: While using crypto for payment is banned, trading, owning, and investing in crypto assets are not prohibited.

Crypto is treated as a virtual asset, not a currency.

🔹 Regulatory Landscape

No comprehensive regulation yet, but Vietnam is working toward a legal framework.

The government is studying digital assets and planning crypto regulations, including licensing crypto exchanges and defining crypto tax obligations.

In 2021, the Prime Minister approved a plan for the Ministry of Finance and State Bank of Vietnam to develop a legal framework by 2025.