#VietnamCryptoPolicy Vietnam’s cryptocurrency policy remains cautious yet evolving. Virtual currencies are currently prohibited as a means of payment by the State Bank of Vietnam, with violators facing fines . However, ownership, trading, and investment are not banned—creating a legal gray area . In late 2024, the government launched its Blockchain Strategy 2024–2030, followed by directives in early 2025 ordering the Ministry of Finance and State Bank to draft a full digital-asset regulatory framework and launch pilot “sandbox” exchanges during mid‑2026 . The priority is strong AML/KYC rules, consumer protection, and balanced innovation.