#VietnamCryptoPolicy #VietnamCryptoPolicy 🇻🇳 CRYPTO POLICY VIETNAM 101: GREY ZONE SEMI-OFFICIAL

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⚖️ 1. Legal Status of Crypto Assets in Vietnam

Trading & ownership is legal, but use as an official payment tool remains prohibited.

If you sell crypto and withdraw it to a local account: the government can impose a one-time income tax, but as long as you keep it in a wallet, there has been no official treatment.

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🧾 2. Regulations & Official Definitions Being Formulated

Expected completion May 2025: the government (Ministry of Finance & SBV) is tasked with creating a legal framework for digital assets & digital currencies, focusing on: KYC, AML, and ownership rights.

There is a draft DTI Law that starts to define “digital asset,” including crypto tokens, and provides a fintech sandbox space in several financial centers (Ho Chi Minh, Da Nang).