#VietnamCryptoPolicy

Vietnam is rapidly moving to formalize its cryptocurrency policy. In March 2025, the Prime Minister directed the Ministry of Finance (MOF) and the State Bank (SBV) to develop a comprehensive legal framework, with an initial target for March/April 2025 (pintu.co.id). The country has launched 'sandbox' plans to pilot crypto exchanges, with support from players like Bybit (lianpr.com). The national blockchain strategy 2024-2030 encourages controlled experiments, definition of digital assets, and regulatory framework for the issuance, trading, and custody of crypto assets (lianpr.com). Taxation should include a model for transactions and capital gains, but the greater ambition is to attract innovation while preventing money laundering. By 2027, the pilot and consolidation of crypto law in Vietnam is expected to be completed.