Vietnam has taken a monumental step towards the adoption and regulation of digital assets. The National Assembly of Vietnam approved the Digital Technology Industry Law on June 14, 2025, a legislation that not only lays the groundwork for the country's technological development but also formally recognizes cryptocurrencies. This law will come into effect on January 1, 2026.
The new regulation is a significant milestone as it explicitly recognizes and classifies digital assets into two main categories: virtual assets and cryptocurrencies, excluding securities, fiat digital currencies, and other financial instruments. This legal framework aims to foster digital innovation and provide clear oversight for the growing cryptocurrency ecosystem.