#VietnamCryptoPolicy

Vietnam's crypto policy is currently in transition, moving from a loosely regulated environment to a more structured legal framework. While the use of cryptocurrencies as a means of payment is illegal, trading and ownership are permitted, making the market highly active—Vietnam ranks among the top countries globally for crypto adoption. The government is developing legislation focused on anti-money laundering and consumer protection, with plans to introduce a regulatory sandbox and pilot a state-approved crypto exchange by 2025. Additionally, authorities are exploring the potential of a central bank digital currency (CBDC). This evolving policy aims to balance innovation with financial security.