#VietnamCryptoPolicy Vietnam's cryptocurrency policy remains cautious and restrictive. While blockchain technology is encouraged, cryptocurrencies like Bitcoin are not recognized as legal tender. The State Bank of Vietnam (SBV) prohibits financial institutions from handling crypto transactions, and unauthorized trading can lead to penalties. However, Vietnam shows growing interest in digital assets, ranking high in global crypto adoption. The government is exploring a regulatory framework for virtual assets, balancing innovation with risk control. Cryptocurrency mining is discouraged due to energy concerns, but blockchain projects receive support. Vietnam's approach reflects a desire to benefit from blockchain while minimizing financial instability and fraud risks.