#VietnamCryptoPolicy
Current Regulatory Framework
1. Payment ban remains in place
Since 2017, the State Bank of Vietnam (SBV) has prohibited the issuance, supply, or use of cryptocurrencies as legal payment methods, with penalties of VND 150–200 million for violators .
2. Legal grey zone on trading & ownership
While using crypto for payments is banned, trading and holding digital assets are still unregulated, meaning investors can buy/sell via international platforms without legal investor protections .
3. No specific legal status for crypto assets
Vietnamese law does not classify cryptocurrencies as currency, asset, or commodity, resulting in ambiguity around ownership, taxation, and legal rights .
