#VietnamCryptoPolicy Vietnam’s crypto policy is entering a transformative phase as the government moves from a grey zone to structured regulation. Currently, digital assets like Bitcoin are not legal tender, and use as payment is banned by the State Bank, although ownership and trading remain permitted .

Recent directives require the Ministry of Finance and State Bank to draft a legal framework by May 2025, aiming to combat money laundering, tax avoidance, and financial instability . A national blockchain strategy (2024–2030) supports non‑payment applications across sectors, while a crypto sandbox set for mid‑2026 allows supervised trading and experimentation .

Tax experts suggest a modest transaction tax (0.1%) could yield up to US $800 million annually, but tracking anonymous peer‑to‑peer transactions remains challenging . Vietnam aims to balance innovation, investor protection, and economic gains through its evolving crypto framework.