#VietnamCryptoPolicy is evolving rapidly, with the Ministry of Finance and State Bank of Vietnam tasked to draft concrete regulation by March–May 2025, signaling an end to the current legal grey zone.Cryptocurrencies remain illegal as payment instruments, yet ownership, trading, and mining are tolerated––subject to reporting and anti‑money‑laundering rules.A pilot framework is expected soon, paving the way to a regulated crypto market by late 2027.