#VietnamCryptoPolicy

Here’s a 160-word version of the Vietnam Crypto Policy summary:

🇻🇳 Vietnam Crypto Policy – 2025 Update

Vietnam does not recognize cryptocurrency as legal tender—using it for payment is illegal and punishable by fines. However, holding and trading crypto is not banned, though it exists in a regulatory gray area.

The Ministry of Finance is leading efforts to develop a full legal framework by May 2025, focusing on anti-money laundering (AML), investor protection, and financial oversight. A pilot crypto exchange is also being introduced under a regulatory sandbox, allowing limited, supervised trading.

Vietnam’s Decree No. 52/2024 strengthens AML compliance with KYC rules and transaction monitoring. A national blockchain strategy targets developing 20 blockchain companies and 3 innovation hubs by 2030.

Crypto adoption in Vietnam is among the world’s highest, with over 17 million users, but scams and legal ambiguity remain concerns. A draft national law is expected in mid-2025. While payment with crypto is still banned, Vietnam is cautiously building a regulated digital asset ecosystem for the future.