Flash
March 4, 2025 11:24 AM
Vietnam is moving toward official cryptocurrency regulations, as Prime Minister Pham Minh Chinh has ordered the government to formulate a policy framework for digital assets this month. The Ministry of Finance will lead efforts to define how cryptocurrencies like Bitcoin and Ethereum will be classified and regulated.
Despite its lack of clear regulations, Vietnam remains one of the world’s top countries in crypto adoption, with $120 billion in digital asset inflows in 2023. This policy push suggests that Vietnam is preparing for a more structured approach to digital assets, potentially opening doors for crypto businesses and institutional adoption.
Disclaimer: Backdoor provides informational content only, it is not offered or intended to be used as legal, tax, investment, financial, or other advice. Investments in digital assets involve risk, and past performance does not guarantee future results. We recommend conducting your own research before making any investment decisions.