#越南加密政策
The following is a brief analysis of Vietnam's cryptocurrency policy (approximately 200 words) 🔍
⸻
🌐 Background and Motivation
Vietnam has a high cryptocurrency adoption rate, with about 17 million people holding cryptocurrency assets and a total market value exceeding 10 billion USD. However, past cryptocurrency trading has been in a gray area, lacking regulatory protection, and was previously placed on the FATF's gray list.
🏛️ Regulatory Progress and Timeline
In March 2025, the Prime Minister of Vietnam ordered the Ministry of Finance and the Central Bank to submit a draft law on digital assets within the month, officially incorporating 'digital assets' into the draft of the Digital Technology Industry Law, with a regulatory sandbox pilot expected to launch in mid-2026.
📈 Testing Mechanism and Growth Opportunities
Plans are in place to establish a fintech sandbox, allowing cryptocurrency exchanges, payment platforms, and others to operate in a controlled environment, and to co-build a regulatory sandbox with Bybit. This move will attract innovative projects back to the local scene and foster the development of the blockchain industry.
⸻
✅ Comprehensive Assessment
Vietnam is gradually moving from a regulatory gray area towards a well-developed legal framework, no longer prohibiting cryptocurrency trading but actively opening up and seeking to balance risk control and market innovation through a regulatory sandbox. Once the regulatory bill is implemented in the future, it will provide protection for cryptocurrency users and bring more investment and development opportunities to the industry ecosystem.
The following is a brief analysis of Vietnam's cryptocurrency policy (approximately 200 words) 🔍
⸻
🌐 Background and Motivation
Vietnam has a high cryptocurrency adoption rate, with about 17 million people holding cryptocurrency assets and a total market value exceeding 10 billion USD. However, past cryptocurrency trading has been in a gray area, lacking regulatory protection, and was previously placed on the FATF's gray list.
🏛️ Regulatory Progress and Timeline
In March 2025, the Prime Minister of Vietnam ordered the Ministry of Finance and the Central Bank to submit a draft law on digital assets within the month, officially incorporating 'digital assets' into the draft of the Digital Technology Industry Law, with a regulatory sandbox pilot expected to launch in mid-2026.
📈 Testing Mechanism and Growth Opportunities
Plans are in place to establish a fintech sandbox, allowing cryptocurrency exchanges, payment platforms, and others to operate in a controlled environment, and to co-build a regulatory sandbox with Bybit. This move will attract innovative projects back to the local scene and foster the development of the blockchain industry.
⸻
✅ Comprehensive Assessment
Vietnam is gradually moving from a regulatory gray area towards a well-developed legal framework, no longer prohibiting cryptocurrency trading but actively opening up and seeking to balance risk control and market innovation through a regulatory sandbox. Once the regulatory bill is implemented in the future, it will provide protection for cryptocurrency users and bring more investment and development opportunities to the industry ecosystem.