#VietnamCryptoPolicy Vietnam shows an active interest in cryptocurrencies, although its official legal status remains ambiguous. In the country, the use of cryptocurrencies as a means of payment is prohibited, but their possession and trading are not criminalized. Despite regulatory restrictions, Vietnam is among the countries with the highest level of crypto adoption, particularly due to the active participation of the population in trading and DeFi. Authorities are exploring the possibilities of implementing a central bank digital currency (CBDC) and are gradually preparing the legislative framework. Regulators aim to find a balance between innovation and investor protection. Thus, Vietnam remains a promising yet cautious player in the crypto market.
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