#VietnamCryptoPolicy

Vietnam currently treats cryptocurrency as illegal for payment, but not explicitly banned for trading, and is rapidly moving toward a legal framework:

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⚖️ Current Legal Status

Not legal tender: The State Bank of Vietnam (SBV) explicitly bans cryptocurrency as a payment instrument — issuing, supplying, or using crypto as payment is illegal and punishable .

Trading in a grey zone: While crypto payments are illegal, buying, selling, or holding crypto is not criminalized. Crypto trading through peer-to-peer or international exchanges continues, though with no clear legal protections .

Penalties include:

Fines up to VND 100 million (≈ USD 4,300) for providing or using illegal payment tools .

Fines up to VND 300 million or prison up to 3 years for serious violations .