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In a significant step towards organizing digital assets, Vietnam is working on establishing a comprehensive legal framework for cryptocurrencies led by the Ministry of Finance and the central bank. The plan aims to launch a pilot program (Sandbox) by mid-2026 to regulate trading, custody, and issuance operations. The government is considering imposing taxes on capital gains and fees on transactions, with a potential exemption from value-added tax. This shift comes after a substantial increase in the use of digital currencies within the country and pressure from the Financial Action Task Force (FATF). The new policies indicate a balanced approach between digital innovation and protecting the economy from financial risks.