#VietnamCryptoPolicy Vietnam is confidently moving towards the legalization and regulation of cryptocurrencies, as the government works to establish a new legal framework by the end of 2025. Despite the previous ban on using cryptocurrencies as a means of payment, Vietnam is beginning to recognize the importance of this sector in financial innovation.

The central bank is collaborating with the ministries of technology and justice to establish regulations including licenses, transaction taxes, and anti-money laundering measures.