When you trade crypto in Vietnam crypto framework, the set of laws and enforcement practices that govern cryptocurrency use in Vietnam, including licensing, taxation, and exchange restrictions. It's not a ban—it's a tight leash. Unlike countries that outright prohibit crypto, Vietnam lets people hold and trade digital assets, but only if they play by rules written by the State Bank and the Financial Intelligence Unit (FIU-IND). If you’re using a foreign exchange like Binance or Bybit without checking if it’s registered locally, you’re walking into a gray zone—with real consequences.
The FIU-IND, Vietnam’s financial intelligence unit responsible for tracking suspicious crypto transactions and enforcing registration rules for exchanges doesn’t care if you own Bitcoin. It cares if the platform you’re using reported your activity. Unregistered exchanges get blocked. Users don’t get arrested for holding crypto, but if you deposit funds on a site like EasiCoin or Garantex—platforms known for no KYC and no oversight—you’re at risk. Vietnam’s system isn’t designed to stop crypto. It’s built to control it. And that means your exchange choice isn’t just about fees or features—it’s a legal decision.
There’s no official list of banned exchanges, but if a platform doesn’t register with FIU-IND, it’s effectively off-limits. Local users who rely on unlicensed platforms have reported frozen withdrawals and sudden service shutdowns. Meanwhile, compliant exchanges like CoinDCX and WazirX operate under stricter oversight, which means more security—but also more paperwork. The crypto legal risks Vietnam, the potential penalties for using unregistered platforms, including account freezes, fines, or being flagged for money laundering investigations aren’t theoretical. They’re happening. And they’re not just for big traders. Even small investors who used a non-KYC exchange last year could be caught in the net.
What does this mean for you? If you’re in Vietnam, don’t assume crypto is free game. The Vietnam crypto framework is evolving fast, and enforcement is getting sharper. You need to know which exchanges are safe, what documentation you might need, and how to avoid being flagged. The posts below break down exactly what’s blocked, which platforms still work, and how to stay compliant without giving up access to your assets. No fluff. No guesswork. Just what you need to trade safely under Vietnam’s rules.
Vietnam's new crypto framework, Directive 05/CT-TTg, imposes extreme capital requirements and bans stablecoins, forcing exchanges to operate in VND only. Only a few giants will survive - millions of users may be left behind.
