#VietnamCryptoPolicy #VietnamCryptoPolicy 1. 🛑 Legal Status: Trading Allowed, Crypto Payments Banned

The State Bank of Vietnam (SBV) explicitly prohibits using cryptocurrencies like Bitcoin or Ether as legal means of payment, with penalties for violations .

However, trading and holding crypto privately is not banned—just transactions involving it as money. It remains in a legal gray zone, not officially recognized as fiat, securities, or assets .