Vietnam's cryptocurrency policy has been evolving to address the country's high crypto adoption rates. While using cryptocurrency as a payment method is prohibited, owning and trading crypto is not strictly illegal. The government has been working on a legal framework to regulate digital assets, expected to be finalized by 2025. This framework aims to provide clarity on ownership, taxation, and licensing requirements for crypto operations. Vietnam's approach is cautious, balancing innovation with financial stability concerns. The country has implemented Anti-Money Laundering (AML) regulations, requiring exchanges to collect and verify identities and report suspicious transactions.
