#VietnamCryptoPolicy Crypto not a legal tender, but trading allowed
Vietnam prohibits use of cryptocurrencies (like Bitcoin) as payment, but owning and trading them is not illegal. The State Bank of Vietnam has stated that usage as a means of payment is punishable, yet trading virtual assets is permitted .
2. **National Blockchain Strategy (2024–2025)**
In October 2024, Vietnam adopted Decision 1236/QĐ‑TTg launching a national blockchain strategy through 2025, with vision to 2030 .
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⏳ Recent Moves Towards Regulation
3. Published by March 2025
As of early March 2025, Prime Minister Pham Minh Chinh has instructed both the Ministry of Finance and the State Bank to draft a legal framework for digital assets—this included provisions to launch a pilot cryptocurrency exchange by March 2025 .
4. Sandbox Exchanges at Financial Centres
A sandbox scheme is being set up at the future financial centres in Ho Chi Minh City and Da Nang. The Ministry of Planning and Investment proposed allowing licensed fintech activity—including digital asset trading, NFTs issuance, and crypto mining—in this controlled environment .
