#VietnamCryptoPolicy Vietnam's cryptocurrency policy is evolving, with the government taking steps to regulate the industry while ensuring consumer protection. Here's a breakdown of the current state¹ ² ³:

- *Current Regulations*: Cryptocurrency is not considered legal tender in Vietnam, and using it for payments is prohibited. However, owning and trading cryptocurrencies is not strictly illegal.

- *New Law*: Vietnam has passed a landmark law recognizing crypto assets, which will take effect on January 1, 2026. This law defines digital assets into two categories: virtual assets and crypto assets, and outlines a framework for managing them.

- *Regulatory Framework*: The Ministry of Finance is working on a legal framework to regulate cryptocurrencies, expected to be completed by May 2025. The framework will address