#VietnamCryptoPolicy
🇻🇳 Vietnam is moving towards regulating digital currencies!
🚀 Latest updates (June 2025):
The Prime Minister directs the Ministry of Finance and the Central Bank to propose a legal framework for digital assets by the end of 2025, focusing on anti-money laundering (AML) and investor protection.
Pilot program: A regulatory "sandbox" is set to be launched by mid-2026 to test digital currency trading platforms under government supervision, in collaboration with global exchanges such as Bybit.
Taxes: A proposal to impose a 0.1% transaction tax could generate 800$ million annually without disrupting the market. Classifying as investment assets will subject profits to personal or corporate income tax.
💹 Current status: Vietnam ranks 4th globally in digital currency ownership (17 million owners), with inflows worth 120$ billion in 2023. However, digital currencies are not recognized as legal means of payment, and trading occurs through global platforms such as Binance.
⚖️ Challenges:
The absence of a clear legal framework exposes investors to fraud and hacking risks.