#VietnamCryptoPolicy Vietnam is set to implement a comprehensive cryptocurrency legal framework by the end of 2025, addressing ownership, AML measures, taxation, and licensing for crypto operations. Despite high adoption rates, with 17 million crypto owners in 2024, cryptocurrencies are not legal tender, and their use as payment is banned. The government is transitioning from a regulatory gray zone to controlled experimentation, planning a crypto sandbox by mid-2026. This aims to balance blockchain innovation with financial stability, drawing inspiration from global models like the EU’s MiCA. Clear regulations could boost Vietnam’s digital economy while curbing fraud.