The Law on Digital Technology Industry was approved by Vietnam's National Assembly on June 14, bringing digital assets under regulatory oversight. Effective from Jan. 1, 2026, the legislation recognizes crypto assets and paves the way for digital innovation. It categorizes digital assets into virtual and crypto assets, excluding securities and financial instruments. The government will define business conditions and oversight mechanisms. The law also mandates cybersecurity and Anti-Money Laundering measures in line with international standards. Vietnam aims to become a digital tech hub by offering incentives to AI, semiconductor, and digital infrastructure enterprises. Regional governments will support workforce development and integrate digital tech skills into education. Vietnam is the first country with a standalone law for the digital technology industry. Recent crypto scams in Vietnam highlight the importance of regulation and oversight in the growing digital asset sector. Read more AI-generated news on: https://app.chaingpt.org/news

#AI