#VietnamCryptoPolicy

Vietnam is swiftly moving toward implementing a robust crypto regulation framework. In early March 2025, Prime Minister Phạm Minh Chính instructed the Ministry of Finance, in collaboration with the State Bank and other agencies, to draft a comprehensive legal regime governing digital and crypto assets—with a resolution expected by mid‑March—aimed at increasing transparency, enhancing security, and enabling taxed, regulated trading . The government is preparing to launch a pilot cryptocurrency exchange by the end of March, operating under a controlled sandbox mechanism to authorize licensed entities and formalize trading channels . This regulatory push also includes provisions for token issuance, NFTs, crypto mining, and AML/cybersecurity safeguards, grounding Vietnam's crypto market in legal clarity while safeguarding against money laundering and systemic risks . With around 17 million crypto holders and over US$100 billion in digital asset value, Vietnam’s move reflects a strategic effort to channel the sector into its financial ecosystem and secure tax revenues, all while fostering innovation.