#VietnamCryptoPolicy

Vietnam is actively progressing toward a regulated framework for cryptocurrencies. In March 2025, the Ministry of Finance and State Bank submitted a proposal to pilot a government‑sanctioned crypto exchange in financial centres like Ho Chi Minh City and Da Nang, supported by a fintech sandbox model that includes licensing, AML protocols, cybersecurity standards, and oversight of crypto, tokens, NFTs, and mining ([en.vietnamplus.vn][1]). Though crypto payments remain illegal and prior bans prohibit using crypto as national currency, a legal grey area persists: trading is tolerated, but ownership and transactions lack formal regulation ([vir.com.vn][2]). The Finance Ministry recommended postponing any mandatory start date for trading (initially proposed for July 1, 2026) until thorough multi‑agency coordination ensures financial security ([vietnamnews.vn][3]). Vietnam also plans to mobilise domestic digital asset issuance, aiming to stimulate innovation, improve investor protection, and capture tax revenues while reducing money-laundering risks ([vietnamnews.vn][4]).

[1]: https://en.vietnamplus.vn/ministry-proposes-piloting-a-cryptocurrency-exchange-at-financial-centres-post309009.vnp?utm_source=chatgpt.com "Cryptocurrency exchange pilot proposed for financial centres | Vietnam+ (VietnamPlus)"

[2]: https://vir.com.vn/clear-regulations-still-required-for-crypto-119768.html?utm_source=chatgpt.com "Clear regulations still required for crypto"

[3]: https://vietnamnews.vn/economy/1692638/finance-ministry-disagrees-with-start-date-of-crypto-transactions.html?utm_source=chatgpt.com "Finance ministry disagrees with start date of crypto transactions"

[4]: https://vietnamnews.vn/opinion/1693693/legalising-digital-currency-to-drive-digital-economy-growth.html?utm_source=chatgpt.com "Legalising digital currency to drive digital economy growth"