#VietnamCryptoPolicy Vietnam's cryptocurrency policy has evolved over time. In 2018, the State Bank of Vietnam (SBV) stated that cryptocurrencies, like Bitcoin, are not recognized as legal tender but are not prohibited either. The government has cautioned investors about risks associated with cryptocurrencies.

In 2020, the SBV announced plans to study and develop a legal framework for cryptocurrency management. However, no comprehensive regulations have been introduced yet.

Currently, cryptocurrency trading and investment are allowed, but subject to certain restrictions and risks. The government aims to balance innovation with consumer protection and financial stability. Further updates and refinements to the policy are expected.