#VietnamCryptoPolicy Vietnam is transitioning from a crypto “grey zone” to a regulated environment. Since 2017, use of cryptocurrencies as legal tender has been banned , but ownership and trading have been tolerated. Rising fraud and FATF grey-listing in 2023 spurred action . In 2024–25, the government launched a National Blockchain Strategy and tasked the Finance Ministry and State Bank with finalizing a legal framework, targeting a draft by May 2025 . New legislation will introduce digital‑asset definitions, pilot “sandbox” exchanges (2026–27), and regulations for issuance, trading, custody, taxation, and AML oversight .