#VietnamCryptoPolicy

Update

1. Still Not Legal Tender

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2. Legal Framework in the Works

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3. Pilot Exchange & Sandboxes

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4. Draft Legislation & Timeframe

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5. Taxation & AML/KYC Measures

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โœ… Summary of Key Takeaways

StatusDetailsPaymentsCrypto still prohibited as legal tender.Trading/HoldingAllowed, but unregulated pending new framework.Legal draftMoF & SBV are preparing three major laws; deadline passed May 2025.Pilot exchangeSet up in March 2025 under MoF supervision.Sandbox testingPlanned for midโ€‘2026 with international partners (e.g., Bybit).Tax & AMLTransaction and capital gains tax proposals; strong AML/KYC emphasis.

๐Ÿ”ฎ Outlook

Vietnam is rapidly transitioning from a crypto gray zone to a regulated environment:

Expect formal legal classifications for crypto assets within 2025.

Pilot exchange is live, and sandbox testing resumes midโ€‘2026.

Tax framework (transaction, income tax, licensing) will likely be introduced soon.

Once in place, these regulations could dramatically formalize crypto markets and attract both local and institutional investors.

Let me know if youโ€™d like more details on any part โ€” for example, draft law texts, sandbox partners, or tax structure specifics!