$BTC

#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.

Conversely, buying and trading cryptocurrencies is allowed and treated as assets or goods.

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2. Development of Regulatory Framework

The Ministry of Finance and the Central Bank have been tasked with preparing a comprehensive legal framework to regulate cryptocurrencies and digital asset trading, to be presented 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.