#VietnamCryptoPolicy

Vietnam’s crypto policy remains cautious and evolving. The Vietnamese government does not recognize cryptocurrencies like Bitcoin as legal tender or a legitimate means of payment. However, owning and trading crypto assets is not banned. The State Bank of Vietnam prohibits financial institutions from offering crypto-related services. Authorities are working on a legal framework to regulate digital assets and blockchain technology, focusing on investor protection and preventing money laundering. Despite restrictions, Vietnam ranks high in crypto adoption globally. The government aims to balance innovation with financial stability, and a comprehensive crypto regulatory framework is expected in the near future.