🇻🇳 Vietnam – #VietnamCryptoPolicy 🚀
📌 Upcoming regulatory reform
Prime Minister Pham Minh Chinh has tasked the Ministry of Finance and the State Bank with drafting a comprehensive legal framework for cryptocurrencies by March 2025, with clear objectives: anti-money laundering, prevention of terrorist financing, and promotion of the digital economy.
🔒 No ban, but strict regulation
Cryptocurrencies are not banned in Vietnam, but they cannot be used as official currency. The creation of regulated “sandboxes” in financial centers is expected to test crypto transactions, but the MoF believes it is premature to start as early as July 2026.
📈 Growing adoption and ecosystem
– Over 16M crypto users (≈ 20% of the population), second in ASEAN for spread.
– Vietnam 5th in the Crypto Adoption Index 2024.
– Blockchain strategy 2025–2030 to become a regional hub, infrastructure development, training, and sandbox testing.
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📊 Why is it important?
1. Legal security for businesses: crypto companies will be able to operate in the territory with licenses and tailored frameworks.
2. Technological enhancement: a boost to blockchain not only for trading but also for digital identity, e-Government, and e-Commerce.
3. Global competitiveness: Vietnam is preparing to compete with hubs like Singapore & Hong Kong, avoiding the outflow of startups abroad.
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🧩 Visual highlights
• Timeline: Final regulation expected by March 2025.
• Sandbox: Fintech center testing for crypto transactions, but “go-live” date pushed beyond July 2026.
• Objectives: AML/CFT transparency, investor protection, and sector growth until 2030.
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💡 In conclusion
Vietnam is moving from a gray zone to structured regulation: the policy nearing completion can encourage investments, startups, and the digital transformation of the country. It deserves attention for those operating in the crypto ecosystem in Asia.