#VietnamCryptoPolicy

**Vietnam** has emerged as a **global crypto hotspot**, with high adoption rates but an uncertain regulatory landscape. While cryptocurrencies like **Bitcoin ($BTC)** are not recognized as legal tender, they remain **popular for trading and payments**. The government has warned against unlicensed crypto activities, yet no formal ban exists.

In 2024, Vietnam’s **Ministry of Finance** is drafting a **comprehensive crypto framework**, aiming to balance innovation with risk management. Key focuses include **anti-money laundering (AML), taxation, and investor protection**. The State Bank of Vietnam (SBV) continues exploring a **central bank digital currency (CBDC)**.

Despite regulatory ambiguity, Vietnam’s tech-savvy population and booming blockchain startups keep crypto thriving.