Vietnam’s Crypto Legalization and Potential Rate Cuts Could Boost Bitcoin Inflows Amid Rising Adoption and National Blockchain Rollout

Vietnam crypto adoption is rising rapidly: the country ranks fourth globally on Chainalysis’ 2025 Global Crypto Adoption Index, with recent legalization of cryptocurrencies and a national blockchain rollout positioning Vietnam as a Southeast Asia crypto ￰0￱ ranks #4 globally for crypto adoption (Chainalysis 2025) New regulation legalizes crypto while banning on‑chain fiat-backed stablecoins and securities ￰1￱ Bank of Vietnam signals ~20% credit growth in 2025, potentially increasing liquidity to digital asset ￰2￱ crypto adoption leads APAC; new regulation legalizes crypto but bans on‑chain fiat-backed ￰3￱ the latest policy and market ￰4￱ is one of the leading countries for crypto adoption in the Asia-Pacific (APAC) region and ranks number four globally, according to ￰5￱ State Bank of Vietnam expects credit growth near 20% in 2025 , a move that could channel additional liquidity into global crypto markets as domestic adoption ￰6￱ Thanh Ha, deputy governor of the central bank, said Friday that interest rates should be cut further to support growth and mitigate uncertainty stemming from U.

S. tariffs, as reported by mainstream financial news ￰7￱ June, Vietnam legalized cryptocurrencies under a new regulatory framework, categorizing tokens as either virtual assets tied to real‑world tokenized products or crypto assets like Bitcoin (BTC) and Ether (ETH) . The regulation explicitly prohibits issuance of on‑chain fiat‑backed assets, including stablecoins and tokenized securities, and establishes a 5‑year sandbox pilot program launched in September to test market infrastructure and compliance ￰8￱ global ranking of each country in the Chainalysis Crypto Adoption Index.) aim to boost credit and economic ￰9￱ will the 20% projected credit growth affect crypto markets?

Higher credit growth can increase domestic liquidity available for ￰10￱ term, this can lift trading volumes; over time, deeper local capital flows may support institutional services and product development in Vietnam’s crypto ￰11￱ did Vietnam ban on‑chain fiat‑backed assets? Regulators cited financial stability and consumer protection ￰12￱ on‑chain issuance of fiat‑backed stablecoins and securities aims to control monetary risk and ensure existing financial infrastructure remains resilient during the sandbox testing ￰13￱ is NDAChain and how will it support adoption? NDAChain is Vietnam’s national layer‑1 blockchain launched for identification and public ￰14￱ uses 49 nodes run by public‑private partnerships and combines permissioned and decentralized elements to secure personal data and enable regulated interaction with on‑chain ￰15￱ leads all other regions in crypto adoption.