#VietnamCryptoPolicy

\#VietnamCryptoPolicy: Vietnam prohibits crypto as legal tender but allows trading and holding. With over 17 million users and \$100B in holdings, the government launched a regulatory sandbox in 2025, including a pilot crypto exchange under central bank and Finance Ministry oversight. A legal framework is being developed to address licensing, token issuance (including NFTs), AML/KYC compliance, and cyber risks. The policy aims to boost investor protection, prevent financial crimes, and generate tax revenue (\~0.1% on trades), while fostering fintech innovation. Vietnam is shifting from a loosely regulated space to a structured, government-backed crypto ecosystem.