#VietnamCryptoPolicy

Vietnam is rapidly developing formal crypto regulations. As of May 2024's Decree 52/2024, cryptocurrencies are illegal for payments but permitted as tradable assets under strict controls—KYC, AML, transaction monitoring, and record retention . By March 2025, the Ministry of Finance and State Bank were ordered to finalize a legal framework and pilot a government‑authorized crypto exchange with sandbox oversight . The draft resolution allows licensed entities to issue virtual assets and aims to reduce illicit activity while harnessing economic growth . Vietnam ranks high globally in crypto adoption (~17 million users), prompting policy clarity and investor protection efforts.