#VietnamCryptoPolicy
1. Current Legal Status
The government does not recognize cryptocurrencies as a legal means of payment, and their use is punished with fines ranging from 150–200 million dong (~6,000–7,500 USD) or even imprisonment.
In contrast, the purchase and trading of cryptocurrencies are allowed and treated as assets or goods.
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2. Development of the Regulatory Framework
The Ministry of Finance and the Central Bank have been tasked with preparing a comprehensive legal framework to control cryptocurrencies and the trading of digital assets, to be presented before or in March 2025.
The government plans to launch experimental platforms (sandbox) for trading digital assets within financial centers such as Ho Chi Minh City and Da Nang during 2025.
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3. Limited Trading Platform Experiments
Operational testing of cryptocurrency trading platforms is expected to begin in financial centers after 2026, but it requires further study and agreement among government entities.
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4. National Blockchain Strategy
Under a national blockchain strategy until 2025-2030, Vietnam aims to adopt 20 local brands in blockchain and establish 3 testing centers.