#VietnamCryptoPolicy

Vietnam has long treated cryptocurrencies as legal to hold and trade, but illegal to use as payment . The government banned crypto payments in 2017, leaving ownership in a regulatory gray zone, which sparked a massive surge in retail trading and fraud . Concerned by AML gaps, Vietnam was grey‑listed by the FATF in 2023, prompting urgent reform . In 2024‑2025, key policies emerged: the National Blockchain Strategy, drafting of a Digital Technology Industry Law, and initiation of a crypto‑asset pilot sandbox planned through 2027 . Legislative drafts were due by March–May 2025 under PM directives . Taxation and licensing rules are under active discussion .