Is Investing in Bitcoin Virtual Currency Legal?

According to Clause 1, Article 1 of Decree 80/2016/ND-CP stipulates:

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- Non-cash payment instruments used in payment transactions (hereinafter referred to as payment instruments), including: checks, payment orders, authorization orders, collection orders, collection authorizations, bank cards, and other payment instruments as regulated by the State Bank.

- Illegal payment instruments are payment instruments not specified in Clause 6 of this Article.

Thus, virtual currency is not considered a non-cash payment instrument in payment transactions according to current regulations.

If you engage in the issuance, provision, or use of illegal payment instruments, you may be subject to criminal liability as stipulated in Point h, Clause 1, Article 206 of the 2015 Penal Code (amended and supplemented in 2017);

In cases where it does not reach the level of criminal liability, administrative penalties will be applied as stipulated in Point d, Clause 6, Article 26 of Decree 88/2019/ND-CP.

Regards!