#VietnamCryptoPolicy **Vietnam’s Crypto Policy: A Mixed Regulatory Landscape**

Vietnam has emerged as a hotspot for cryptocurrency adoption, with high retail participation despite unclear regulations. While the government does not officially recognize crypto as legal tender, it has taken steps toward regulation, including tax policies and anti-money laundering (AML) measures. The State Bank of Vietnam (SBV) has warned against illegal crypto transactions, but blockchain development remains encouraged. Recent discussions suggest potential new frameworks to balance innovation and risk. Vietnam ranks among the top countries for crypto adoption, driven by remittances and decentralized finance (DeFi) interest. Clarity in policy could further boost its crypto economy.