Vietnam has ended years of crypto uncertainty by legalizing Bitcoin and digital assets under strict new rules. Learn how trading works now, what’s banned, and what it means for investors.
Crypto Regulations in Vietnam: What You Need to Know in 2025
When it comes to crypto regulations Vietnam, the legal framework governing cryptocurrency use, trading, and taxation within Vietnam. Also known as Vietnam cryptocurrency law, it’s not a ban—but it’s far from a green light either. In 2025, you can own Bitcoin, Ethereum, or any other coin. You can even hold them in a wallet. But try spending them at a local market, and you’ll hit a wall. The State Bank of Vietnam doesn’t recognize crypto as legal tender. That means no paying for pho, no buying phone credits with Dogecoin. It’s legal to hold. It’s illegal to use as money.
This distinction matters because it creates a huge gray zone. Many Vietnamese traders use peer-to-peer platforms like Paxful or LocalBitcoins to buy crypto with cash. They’re not breaking the law by owning it—but if they’re doing it regularly, they’re flirting with risk. The government has cracked down on unlicensed exchanges operating inside the country. In 2024, several local platforms were shut down for not meeting AML requirements. Meanwhile, global exchanges like Binance and Bybit still let Vietnamese users sign up, but they don’t offer fiat on-ramps. You need to use third-party services to convert VND to crypto, and those services? They’re not regulated. That’s where scams creep in.
crypto exchange Vietnam, any platform offering crypto trading services to Vietnamese residents. Also known as Vietnam crypto trading platform, it’s a minefield. Most local exchanges vanished after the 2022 crackdown. Now, if you’re trading, you’re likely using a foreign site. But here’s the catch: if you make profits, the Vietnamese tax authorities can still come after you. There’s no official crypto tax law yet—but the Ministry of Finance has said repeatedly that gains from crypto trading are taxable income. No one’s auditing small traders… yet. But if you’re making serious money, keep records. The digital trail exists. Banks are required to report suspicious transactions, and crypto wallet addresses can be traced.
Then there’s the crypto tax Vietnam, the unofficial but increasingly enforced requirement to report crypto gains as personal income. Also known as Vietnam crypto income tax, it’s not written into law—but it’s enforced through audits of high-income individuals. If you’re filing taxes and suddenly show up with a $50,000 crypto profit and no source of income, expect questions. The government doesn’t have a system to track crypto yet, but they’re building one. They’ve already partnered with blockchain analytics firms to monitor large transfers. Don’t assume you’re invisible.
What about airdrops? NFTs? DeFi? Right now, those are in the same gray zone. No one’s stopping you from claiming a token. But if you sell it later, you’re responsible for reporting it. And if the project turns out to be a scam? You’re out the money—with no legal recourse. That’s why most serious Vietnamese traders stick to Bitcoin and Ethereum. They’re the only coins with enough liquidity and global recognition to make selling easy. Everything else? It’s gambling with no safety net.
You’ll find posts here that expose fake exchanges, debunk fake airdrops, and break down real risks. Some of these projects pretend to be legal in Vietnam. They’re not. Others are built for global users—but Vietnamese traders still get caught up in them. This collection doesn’t just list what’s out there. It shows you what’s safe, what’s dangerous, and how to protect yourself when the rules are still being written.