#VietnamCryptoPolicy Legal Status & Regulation

❌ Not Legal Tender

Cryptocurrencies like Bitcoin and Ethereum cannot be used for payment in Vietnam. The State Bank of Vietnam (SBV) explicitly bans their issuance, supply, and use as currency—with fines around 150–200 million VND for violations .

✅ Trading & Holding Allowed

Though use as payment is banned, owning and trading crypto is not illegal—but it's unregulated. Exchanges operate in a grey area without official oversight, and users have limited legal protections