#VietnamCryptoPolicy 1. Current Legal Status
The government does not recognize cryptocurrencies as a legal means of payment, and using them for that purpose is punishable by fines of up to 150–200 million dong (~6,000–7,500 USD) or even imprisonment.
In contrast, buying and trading cryptocurrencies is allowed and treated as assets or goods.
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2. Development of the Regulatory Framework
The Ministry of Finance and the Central Bank have been tasked with preparing a comprehensive legal framework to regulate cryptocurrencies and the trading of digital assets, to be submitted by or in March 2025.
The government plans to launch experimental platforms (sandbox) for trading digital assets in financial centers such as Ho Chi Minh City and Da Nang during 2025.
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3. Limited Trading Platform Experiments
Operational testing of cryptocurrency trading platforms in financial centers is expected to begin after 2026, but it requires further study and agreement among government entities.
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4. National Blockchain Strategy
As part of a national blockchain strategy until 2025-2030, Vietnam aims to adopt 20 local brands in blockchain and establish 3 testing centers. It seems you are looking for information about trading, especially in the context of financial markets in Vietnam. There are several aspects of trading, including:
- *Stock Trading*: You can trade in the Vietnamese stock markets, such as shares of Vietnam Plastic Corp or Vietnam Sun Corp.
- *Cryptocurrency Trading*: Vietnam has issued a new law regulating digital assets and provides a legal framework.