#VietnamCryptoPolicy

#Vietnam is rapidly formalizing its crypto landscape. The government, led by the Ministry of Finance and State Bank, is drafting a legal framework to regulate digital assets by May 2025 . A pilot “sandbox” for crypto trading is planned, enabling licensed platforms to operate under state supervision through 2027 . This comes amid high adoption—about 17 million users and over US $100 billion in market value—making Vietnam a top global leader in crypto usage . Taxation proposals include a small transaction levy and capital gains tax to boost revenue while avoiding capital flight . Challenges include AML enforcement, fraud, and defining asset classifications.