#VietnamCryptoPolicy

Updates on the ongoing developments in Vietnam regarding *regulation of digital currencies*, especially in 2025 as the government has started taking clear steps to regulate the sector.

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📌 Latest updates on Vietnamese policy:

*1. New legal framework in preparation:*

- The Vietnamese government announced that it is preparing a new law specifically for *digital assets*, expected to be issued before the end of 2025.

- Goal: To regulate exchanges, protect investors, and combat money laundering.

*2. Regulation of trading platforms:*

- Local trading platforms will be *licensed under the supervision of the Vietnamese central bank.*

- Unlicensed platforms may face bans or legal restrictions.

*3. No taxes on trading profits (currently):*

- Until mid-2025, there is no direct tax on crypto profits, but this situation is likely to change with the new law.

*4. Ban on certain activities:*

- ICOs (Initial Coin Offerings) are still prohibited.

- Using crypto as a "means of payment" remains illegal, but possession and trading are accepted as property.

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🔍 What does this mean for investors?

- *Opportunities:* Market regulation may bring foreign investments and greater trust.

- *Risks:* New restrictions could impact certain activities that were operating in a “grey area.”