#VietnamCryptoPolicy Vietnam Crypto Policy – 200 Words

Vietnam is moving steadily toward regulating its crypto industry, recognizing both its potential and associated risks. While cryptocurrency is not yet officially recognized as legal tender or a means of payment, it is not banned either. This has created a legal grey area where trading and holding digital assets like Bitcoin and Ethereum are tolerated, though not fully protected by law.

In 2025, Vietnam’s government began working on a comprehensive legal framework for digital assets. The Ministry of Finance, along with the State Bank of Vietnam, is drafting regulations aimed at supervising crypto transactions, exchanges, and blockchain-based services. A key part of this approach includes a crypto “sandbox” program, allowing selected companies to operate under controlled conditions while policymakers study the outcomes.