Vietnam adopts a cautious regulatory policy towards cryptocurrencies. Although not legalized, they are not explicitly banned. The central bank views crypto assets as illegal payment tools, but the public can still trade. In 2023, anti-money laundering compliance is being promoted, requiring exchanges to implement KYC. The government is studying a regulatory framework to balance innovation and risk. Vietnam's blockchain startups are active, and policy trends will influence the regional crypto ecosystem. Investors need to pay attention to legal risks and operate in compliance.