#VietnamCryptoPolicy Vietnam’s crypto regulatory environment (#VietnamCryptoPolicy) is evolving rapidly—from early ambiguity toward a regulated, sandbox-driven pilot framework:
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🇻🇳 1. Legal Status – Not Banned, But Not Legal Tender
Cryptocurrencies are not considered legal tender in Vietnam. The State Bank of Vietnam prohibits their use for payments, though holding and trading are allowed .
This creates a legal gray zone: crypto isn’t fully recognized as property, commodity, or securities under current laws .
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🧭 2. Regulatory Roadmap & Key Initiatives
May 2025 deadline: Under Prime Minister’s Directive 05/CT‑TTg and Decision 194/QĐ‑TTg, the Ministry of Finance (MoF) and State Bank (SBV) must draft a legal framework addressing anti‑money laundering (AML), counter‑terror financing, and general crypto management .
Sandbox pilots: Controlled trials for crypto exchanges, token issuance, NFTs, and mining will be launched in the international financial centers of Ho Chi Minh City & Da Nang—starting around mid‑2026 .
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📜 3. Draft Laws & Strategic Documents
Draft Digital Technology Industry Law (DTI) (National Assembly, May 2025) sets legal definitions for "digital assets” and