#VietnamCryptoPolicy Vietnam prohibits the use of cryptocurrencies as legal tender, banning issuance, supply, and payment via crypto—with fines ranging from VND 150–200 million . However, owning and trading crypto assets remains legal, placing the market in a “grey zone” . In March 2025, the government ordered the Ministry of Finance, State Bank, and Science & Technology Ministry to design a crypto framework, including pilot licensing of exchanges and a sandbox to test digital‑asset models by mid‑2026 . Additionally, Decree 94/2025 will introduce banking fintech sandboxes by July 2025 . Discussions continue on taxation, AML compliance, KYC standards, and formal legal definitions of digital assets.