#MyTradingStyle #MyTradingStyle Update of Vietnam's Crypto Policy: A New Era of Regulation
Vietnam is rapidly transitioning from a "gray area" of crypto to structured and state-led experimentation and regulation:
🧭 1. Crypto is Not Legal Tender—but Trading is Allowed
The State Bank of Vietnam prohibits cryptocurrencies as a legal means of payment, and violations can result in fines of around ₫150–200 million (≈ US $5,600–7,500)
However, buying, holding, and trading crypto assets (e.g., Bitcoin, Ethereum) remains legal, although unregulated.
