#VietnamCryptoPolicy 🧩 1. Regulatory Grey Zone Shifting Toward Legal Framework

Illegal as payment, but allowed for trading/holding: The State Bank of Vietnam (SBV) still bans crypto as a means of payment and imposes fines (150–200 M VND), yet trading and ownership are not criminalized .

Widespread investment adoption: Despite restrictions, Vietnam ranks among the top global adopters—fifth by adoption index—with around 17 million users, and estimated $100–120 billion in inflows .

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📜 2. National Blockchain Strategy & Pilot Sandbox

Blockchain Strategy 2024‑2030 (Decision No. 1236/QĐ‑TTg) was issued in October 2024, promoting blockchain across sectors and launching pilot digital asset sandboxes .

Directive No. 05/CT‑TTg (March 2025) instructs the Ministry of Finance (MoF) and State Bank of Vietnam (SBV) to draft a comprehensive digital asset framework .

Draft Crypto Pilot Resolution underway: proposes licensing, trading, custody, issuance, and coordinated oversight, effective roughly until end‑2027 .