#VietnamCryptoPolicy Vietnam's cryptocurrency policy is focused on regulating digital assets while ensuring financial stability and security. Here are some key points:

- *Cryptocurrency Trading*: Trading is not outright illegal but exists in a gray area, with the government permitting it for specific purposes while prohibiting its use as a legal tender.

- *Licensing Requirements*: Cryptocurrency exchanges must obtain licenses to operate, meeting capital requirements and implementing robust AML/KYC mechanisms.

- *Taxation*: Investors must report profits from cryptocurrency trading to comply with tax obligations, with clear rules for taxing income and profits.

- *AML/CFT Measures*: Vietnam adheres to international standards, imposing KYC/AML obligations on virtual asset service providers and preventing cryptocurrency misuse for illicit activities.

- *Investor Protection*: Regulations aim to protect investors from fraudulent activities and ensure transparency in crypto transactions.¹