#VietnamCryptoPolicy

Vietnam is actively transitioning from a regulatory grey zone to establishing a robust legal framework for cryptocurrency. Since 2017, crypto has been banned as legal payment but allowed for ownership and trading . In March 2025, Prime Minister Pham Minh Chinh directed the Ministry of Finance and State Bank to draft comprehensive rules—including a sandbox pilot for crypto exchanges—to be submitted by March and likely finalized by May 2025 . Vietnam’s 2024–2030 National Blockchain Strategy reinforces the move by promoting controlled innovation through regulatory sandboxes and legal clarity . Experts stress balanced taxation—such as small transaction or capital gains taxes—and licensing fees to protect investors without driving capital abroad .

Reddit users note the urgency:

> “cryptos like Bitcoin and Ethereum operate in a legal gray area… sandbox framework”

Overall, Vietnam is preparing to legalize and regulate crypto by 2026 sandbox launch, aiming to boost innovation while mitigating risks.