#VietnamCryptoPolicy
Here’s the latest on Vietnam’s crypto policy as of mid‑2025:
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🇻🇳 Regulatory Progress & Pilot Programs
Legal Framework by May 2025
The Vietnamese government, under Decision 194/QĐ‑TTg, tasked the Ministry of Finance to finalize a law regulating—or potentially banning—crypto assets by May 2025, as part of its anti-money laundering efforts .
Drafting in Early 2025
In March 2025, Prime Minister Phạm Minh Chinh directed both the Finance Ministry and the State Bank of Vietnam to draft comprehensive regulations for digital assets, crypto trading, and exchanges .
Pilot Crypto Exchanges in Key Cities
Plans are underway to launch pilot crypto exchange zones in Ho Chi Minh City and Da Nang by 2025, operating under a sandbox environment to test legal trading and AML compliance .
March 2025 Pilot Launch
Deputy Finance Minister Nguyễn Đức Chí announced in early March 2025 that Vietnam would launch its first government‑backed pilot cryptocurrency exchange that month to formalize trading and investor protections .
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🛑 What’s Still Restricted
No Legal Tender Status
Cryptocurrencies remain illegal as means of payment in Vietnam. The State Bank forbids their use in commercial transactions, though holding/trading as assets is permitted .
Ministry of Finance Concerns
The Ministry of Finance pushed back on the proposed start date (e.g., July 1, 2025) for allowing crypto transactions in financial centers, calling for further study .
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🌐 Crypto Adoption & Industry Response
Widespread Public Interest
Vietnam
