#VietnamCryptoPolicy 🚀 Vietnam’s Crypto Breakthrough: Binance Welcomes Regulatory Clarity! 🇻🇳

Vietnam has taken a major stride toward responsible adoption of digital assets. Led by Prime Minister Phạm Minh Chính, the Ministry of Finance and State Bank of Vietnam have drafted a comprehensive legal framework—expected in March 2025—to regulate cryptocurrencies and launch pilot exchanges under a controlled sandbox model .

This follows the 2024–2030 National Blockchain Strategy (Decision 1236/QĐ‑TTg) and recent directives (Directive 05/CT‑TTg), aimed at integrating blockchain across the economy . With only 17 million Vietnamese holding crypto today, the new framework promises greater security, transparency, and protections—backed by AML/KYC standards—to support both retail and institutional players .

The upcoming pilot exchange will allow authorized entities to legally operate in a sandbox environment. It also opens doors for Vietnamese companies to issue virtual assets and potentially generate $800M+/year in tax revenue through a modest 0.1% transaction levy .

At Binance, we’re excited about partnering with regulators to support the safe and vibrant growth of Vietnam’s crypto ecosystem—empowering users with robust trading tools, KYC/AML protections, educational resources, and compliance-first infrastructure. As Vietnam steps into a regulated digital finance era, Binance remains committed to serving local communities, developers, and businesses with trust and transparency.

Stay tuned to Binance Vietnam for updates on this pivotal journey! 🌐🔒