#VietnamCryptoPolicy #VietnamCryptoPolicy
š»š³ Vietnam Crypto Policy Update: A New Era of Regulation
Vietnam is rapidly shifting from a crypto āgrey zoneā toward structured, state-led experimentation and regulation:
š§ 1. Crypto Not Legal Tenderābut Trading Allowed
TheĀ State Bank of Vietnam prohibits cryptocurrencies as a legal means of payment, and violations can result in fines of around ā«150ā200āÆmillionāÆ(āāÆUSāÆ$5,600ā7,500)Ā
However,Ā buying, holding, and trading crypto assets (e.g., Bitcoin,