#VietnamCryptoPolicy

Vietnam is quietly becoming a crypto powerhouse despite its ambiguous regulations. Here’s why global investors are watching:

1. Explosive Adoption

- 1 in Chainalysis 2023 Global Crypto Adoption Index

- 21% of population owns crypto—highest in Southeast Asia

2. Regulatory Gray Zone

- No formal ban, but no legal framework (similar to India’s pre-2023 stance)

- SBV (central bank) testing digital dong (CBDC) by 2025

3. Key Use Cases

- Remittances: $19B/year flows, with crypto bypassing high fees

- Play-to-Earn: Axie Infinity’s success spawned local Web3 startups

- Mining Hub: Cheap electricity attracts underground farms

4. Government Moves

- Drafting comprehensive crypto law (expected 2025)

- Tax discussions: Capital gains likely at 10-20%