#VietnamCryptoPolicy #VietnamCryptoPolicy

🇻🇳 Vietnam Crypto Policy Update: A New Era of Regulation

Vietnam is rapidly shifting from a crypto “grey zone” toward structured, state-led experimentation and regulation:

🧭 1. Crypto Not Legal Tender—but Trading Allowed

The State Bank of Vietnam prohibits cryptocurrencies as a legal means of payment, and violations can result in fines of around ₫150–200 million (≈ US $5,600–7,500) 

However, buying, holding, and trading crypto assets (e.g., Bitcoin, Ethereum) remains legal, though unregulated .

🚧 2. Market-Scale Adoption—and Risk

Vietnam ranks top 5 worldwide in crypto adoption, with over 17–26 million holders; roughly 21–26% of the population .

Crypto transaction volume in