Vietnam has 17 million cryptocurrency users, with private holdings exceeding 100 billion USD. Legalization could activate "sleeping assets" and attract foreign investment.

The goal is to replicate the Singapore model and become Southeast Asia's "factory" for cryptocurrency technology, promoting digital infrastructure such as semiconductors and AI.

International compliance pressure

The FATF gray list urges Vietnam to完善AML框架 by the end of 2025 to avoid economic sanctions.