#VietnamCryptoPolicy

✅ Basic Information on Cryptocurrency Policy in Vietnam (up to 2025):

1. Legal Status:

Cryptocurrencies such as Bitcoin are not recognized as legal tender in Vietnam.

Using them as a means of payment is legally prohibited (considered an administrative violation).

2. Trading and Investment:

Individuals are allowed to own and trade cryptocurrencies for investment purposes only.

There is no legal protection in case of loss or fraud.

3. Government Stance:

The government is conducting studies on the possibility of issuing a central bank digital currency (CBDC).

There is a focus on building a new regulatory framework by the central bank and financial oversight institutions.

4. Future Directions:

The Vietnamese government seeks to adopt a "test and legalize" approach, indicating a possibility of regulating the space instead of banning it.

A direction to promote innovation in FinTech and blockchain technology.