BTC $67,958.00 (-0.01%)
ETH $1,972.46 (+0.21%)
XRP $1.43 (+0.40%)
BNB $625.15 (-0.16%)
SOL $85.27 (+0.95%)
TRX $0.29 (+1.11%)
DOGE $0.10 (-1.36%)
BCH $565.05 (+0.80%)
ADA $0.28 (-1.92%)
LEO $8.39 (-3.47%)
HYPE $29.60 (-2.03%)
LINK $8.88 (-0.93%)
CC $0.16 (-0.17%)
XMR $326.55 (-1.98%)
XLM $0.16 (-0.89%)
RAIN $0.01 (-1.78%)
ZEC $259.28 (+0.11%)
HBAR $0.10 (-0.50%)
LTC $54.90 (-0.61%)
AVAX $9.12 (-0.30%)

United States vs Vietnam

Crypto regulation comparison

← Back to map | United States | Vietnam
United States

United States

Vietnam

Vietnam

Legal
Legal

The United States has the world's most complex crypto regulatory landscape, with overlapping federal and state jurisdictions. The SEC regulates crypto securities and has pursued enforcement actions against exchanges and token issuers. The CFTC oversees crypto derivatives and considers Bitcoin a commodity. FinCEN applies BSA requirements to crypto exchanges as money service businesses. The IRS taxes crypto as property: short-term gains at income tax rates (10-37%), long-term gains at 0-20%. New 1099-DA broker reporting rules take effect from 2025. Multiple states have their own requirements, with New York's BitLicense being the most stringent.

Vietnam passed the Law on Digital Technology Industry in June 2025 (effective January 2026), officially recognizing crypto as legal virtual assets. However, the SBV still bans crypto as a payment method. The law requires AML/cybersecurity compliance for all crypto activities. Vietnam consistently ranks among the top globally in crypto adoption. Ministry of Finance to issue detailed guidance before 2026.

Tax Type Capital gains
Tax Type Income
Tax Rate 0-37%
Tax Rate Up to 25% (corporate); individual unclear
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator SEC, CFTC, FinCEN, OCC, IRS, State regulators
Regulator SBV (State Bank of Vietnam), MOF (Ministry of Finance), MIC (Ministry of Information)
Stablecoin Rules Stablecoin legislation actively being developed in Congress; existing oversight by SEC, CFTC, state regulators
Stablecoin Rules Crypto recognized as virtual assets under Law on Digital Technology Industry; payment use still banned
Key Points
  • SEC regulates crypto as securities under Howey test; major enforcement actions (Ripple, Coinbase, Binance)
  • CFTC classifies Bitcoin and Ether as commodities; oversees derivatives markets
  • IRS treats crypto as property: short-term gains taxed at 10-37%, long-term (1yr+) at 0-20%
  • FinCEN requires exchanges to register as MSBs and comply with BSA/AML requirements
  • 1099-DA broker reporting for centralized exchanges effective from tax year 2025
Key Points
  • Law on Digital Technology Industry (June 2025) recognizes crypto as legal virtual assets
  • SBV still bans crypto as payment method; not recognized as legal tender
  • Vietnam ranks #1 globally in crypto adoption (Chainalysis 2023 index)
  • AML and cybersecurity compliance required for all crypto trading activities
  • Ministry of Finance to issue detailed crypto regulatory guidance before January 2026
Sources
Sources