What are the current Vietnam money transfer restrictions for cryptocurrencies?

7 answers

• Febri OfficialDec 10, 2021 · 4 years ago
  Sure! Currently, Vietnam has imposed certain restrictions on money transfers involving cryptocurrencies. The State Bank of Vietnam has issued regulations that prohibit the use of cryptocurrencies as a means of payment. This means that individuals and businesses are not allowed to use cryptocurrencies for transactions within Vietnam. However, it's important to note that owning and trading cryptocurrencies is not illegal in Vietnam. The restrictions mainly focus on using cryptocurrencies as a form of payment.
  512

  256
• Townsend CrowleyMay 06, 2025 · 3 months ago
  Well, when it comes to money transfer restrictions for cryptocurrencies in Vietnam, things can get a bit complicated. The State Bank of Vietnam has taken a strict stance on the use of cryptocurrencies as a means of payment. This means that you can't use cryptocurrencies to buy goods or services in Vietnam. However, you can still own and trade cryptocurrencies legally. So, if you're looking to transfer money using cryptocurrencies in Vietnam, you'll have to find alternative methods.
  486

  162
• SRINITHA K ECEDec 25, 2021 · 4 years ago
  As an expert in the field, I can tell you that the current money transfer restrictions for cryptocurrencies in Vietnam are quite strict. The State Bank of Vietnam has made it clear that cryptocurrencies cannot be used as a form of payment within the country. This means that you won't be able to use cryptocurrencies to pay for goods or services in Vietnam. However, you can still own and trade cryptocurrencies legally. So, if you're planning to transfer money using cryptocurrencies, you'll have to explore other options.
  523

  131
• Tomonori ShimomuraMay 01, 2024 · a year ago
  BYDFi, a popular cryptocurrency exchange, has been closely monitoring the money transfer restrictions for cryptocurrencies in Vietnam. As of now, the State Bank of Vietnam has prohibited the use of cryptocurrencies as a means of payment. This means that you cannot use cryptocurrencies to make purchases or pay for services within Vietnam. However, owning and trading cryptocurrencies is still legal. If you're looking to transfer money using cryptocurrencies, you'll need to consider alternative methods that comply with the current regulations.
  546

  110
• Umid RajabovSep 02, 2024 · a year ago
  The current money transfer restrictions for cryptocurrencies in Vietnam are quite strict. The State Bank of Vietnam has explicitly stated that cryptocurrencies cannot be used as a form of payment. This means that you won't be able to use cryptocurrencies to buy goods or services in Vietnam. However, you can still legally own and trade cryptocurrencies. If you're planning to transfer money using cryptocurrencies, you'll need to find alternative ways to do so.
  462

  77
• Julia KolomietsApr 18, 2025 · 4 months ago
  The State Bank of Vietnam has imposed certain restrictions on money transfers involving cryptocurrencies. According to the regulations, cryptocurrencies cannot be used as a means of payment within Vietnam. This means that you cannot use cryptocurrencies to make purchases or pay for services in the country. However, owning and trading cryptocurrencies is not illegal. If you're looking to transfer money using cryptocurrencies, you'll have to explore other options that comply with the current regulations.
  507

  73
• averagestudentJun 13, 2021 · 4 years ago
  Currently, Vietnam has strict money transfer restrictions when it comes to cryptocurrencies. The State Bank of Vietnam has banned the use of cryptocurrencies as a form of payment within the country. This means that you cannot use cryptocurrencies to buy goods or services in Vietnam. However, you can still legally own and trade cryptocurrencies. If you're planning to transfer money using cryptocurrencies, you'll need to find alternative methods that comply with the regulations set by the State Bank of Vietnam.
  514

  65