#VietmCryptoPolicy Vietnam's crypto policy is evolving as the government works to regulate the fast-growing digital asset space. While cryptocurrencies like Bitcoin are not recognized as legal tender, trading and holding them are not explicitly banned. The State Bank of Vietnam prohibits crypto use for payments, yet millions of Vietnamese invest in digital assets. Authorities are drafting a legal framework to manage risks and promote blockchain innovation. In 2025, Vietnam aims to complete its pilot programs for a central bank digital currency (CBDC). The policy approach reflects caution, focusing on anti-money laundering (AML), investor protection, and financial system stability.