#VietnamCryptoPolicy Vietnam is transitioning from an ambiguous crypto landscape to a regulated one with a strategic vision and controlled approach. Initially, in 2017, cryptocurrencies were banned as a means of payment, creating a gray area where buying and selling was legal but lacked clear regulation, which drove massive adoption but also fraud.

Since 2023, pressured by inclusion in the FATF's gray list, the country accelerated the development of a solid legal framework. In 2024, it launched its National Blockchain Strategy (2024–2030), promoting adoption through sandboxes and controlled pilots. By early 2025, the direction came from the Prime Minister, ordering the Ministry of Finance and the central bank to regulate digital assets, including a regulated ecosystem for exchanges and stablecoin issuers before May.