#VietnamCryptoPolicy

The cryptocurrency policy in Vietnam is shifting from an unregulated state to a more stringent management. Since 2018, the State Bank has prohibited the use of cryptocurrencies as a means of payment, but individual ownership and transactions remain a gray area. By 2025, the government will pass a new legal framework recognizing digital assets and cryptocurrencies, expected to be implemented by the end of the year with a testing sandbox. The Ministry of Finance and the State Bank are developing regulations on AML/KYC, taxes (0.1% per transaction), and domestic exchanges. This change reflects efforts to balance innovation and financial stability.