#VietnamCryptoPolicy

Legal Status of Cryptocurrency in Vietnam**

- **Not Legal Tender**: Cryptocurrencies like Bitcoin are not recognized as legal tender, meaning they cannot be used for official payments.

- **Allowed for Investment & Trading**: Individuals can buy, sell, and hold crypto as an asset, but exchanges must comply with anti-money laundering (AML) rules.

- **Ban on Crypto Payments**: Since 2018, financial institutions are prohibited from processing crypto transactions, but peer-to-peer (P2P) trading remains active.