#VietnamCryptoPolicy #VietnamCryptoPolicy

Crypto policy in Vietnam – Waiting for a clear legal framework for sustainable market development”

Currently, Vietnam does not recognize cryptocurrencies as legal payment methods, but it also does not prohibit ownership or investment. This results in the domestic crypto market operating in a “gray” area, making it difficult for both investors and blockchain enterprises.

The State Bank and the Ministry of Finance are collaborating to research and build a legal framework for a sandbox experiment, expected to focus on stablecoins, financial blockchain, and the issuance of digital assets. At the same time, Vietnam is also interested in central bank digital currency (CBDC) as a risk management solution.