Crypto Policy Vietnam: What You Need to Know About Vietnam's Strict Crypto Rules

When it comes to crypto policy Vietnam, the set of laws and regulations governing cryptocurrency use, trading, and exchange operations within Vietnam. Also known as Vietnam crypto regulation, it’s not just tight—it’s one of the most aggressive frameworks in Southeast Asia. Unlike countries that experiment with digital asset frameworks, Vietnam doesn’t want crypto to be a parallel financial system. It wants it contained, controlled, and confined to the edges of the economy.

The core of this policy is Directive 05/CT-TTg, a government decree issued in 2023 that laid out the first official legal boundaries for crypto exchanges operating in Vietnam. This isn’t a suggestion. It’s a mandate. Any exchange wanting to legally operate in Vietnam must hold at least $379 million in capital. That’s not a typo. It’s more than most global exchanges have in reserve. The goal? To shut down small, shady platforms and force only deep-pocketed players to stay. And it worked. Dozens of local exchanges shut down overnight. Many others moved offshore.

Another key part of crypto policy Vietnam, the set of laws and regulations governing cryptocurrency use, trading, and exchange operations within Vietnam. is the outright ban on fiat-backed stablecoins, digital tokens pegged to traditional currencies like the US dollar or Vietnamese dong, often used to move value in and out of crypto markets. That means no USDT, no USDC, no VNDT. If you’re trying to use stablecoins to avoid volatility or move money quickly, you’re breaking the law. The government sees these as tools for capital flight and money laundering—and they’re not wrong. But that also means Vietnamese traders have fewer ways to enter or exit crypto safely.

Why does this matter to you? If you’re in Vietnam, you can still trade crypto—but you’re doing it in a legal gray zone. Most people use peer-to-peer platforms like LocalTrade or Binance P2P, but those come with risk. No protection. No recourse. No KYC. And if the government cracks down harder, your wallet could vanish overnight. If you’re outside Vietnam, this policy tells you something important: the country is serious about keeping crypto out of its mainstream financial system. That’s why you won’t find Vietnamese exchanges on major listing sites anymore. They either folded or moved.

What you’ll find in the posts below isn’t theory. It’s real-world fallout. We’ve tracked how Vietnamese traders are adapting, how scams are exploiting regulatory confusion, and which platforms are still operating under the radar. You’ll see reviews of exchanges that claim to serve Vietnam but are either fake, unregulated, or outright scams. You’ll learn why some tokens with zero supply still show up on price trackers—and how people are losing money chasing them. You’ll also see how other countries like Nepal and Turkey are taking similar paths, and what that means for the future of crypto freedom.