#VietnamCryptoPolicy Vietnam is advancing its cryptocurrency regulatory framework, aiming for completion by May 2025. The Ministry of Finance has been tasked with developing a legal structure to either regulate or prohibit crypto assets, focusing on combating money laundering and enhancing financial security . This initiative is part of a broader national strategy to integrate blockchain technology across various sectors, positioning Vietnam as a regional leader in digital innovation .

Currently, cryptocurrencies are not recognized as legal tender in Vietnam, and using them for payments is prohibited. However, trading and ownership are not explicitly banned, placing them in a legal grey area . The government is exploring controlled pilot programs to test crypto asset markets, with a sandbox model expected to launch in mid-2026 . These efforts aim to balance innovation with risk management, ensuring that Vietnam can harness the benefits of digital assets while safeguarding its financial system.#Write2Earn