#VietnamCryptoPolicy Vietnam’s crypto policy took a major step forward today (June 16, 2025) with the National Assembly's approval of the Law on Digital Technology Industry on June 14. Here’s a quick breakdown:

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📌 What’s New in Vietnam’s Crypto Policy?

Official legal recognition

For the first time, "digital assets"—classified as virtual assets and crypto assets—are now recognized under Vietnamese law . Vague terms like "virtual goods" or "crypto tokens" are replaced with defined legal categories excluding securities, stablecoins, CBDCs, or traditional fiat .

Effective date

This landmark law will come into effect on January 1, 2026, giving regulators and market participants ample time to prepare .

Regulatory oversight & compliance

The government will issue detailed guidelines on licensing, business operations, cybersecurity, anti‑money laundering (AML), and counter‑terror financing. These standards aim to align with FATF requirements, helping Vietnam get off the gray list it’s been on since 2023 .

Incentives for related tech sectors

Beyond crypto, the law also includes major incentives (tax breaks, land use support, R&D funding) for AI, semiconductors, digital infrastructure, and workforce development .

Response to fraud and scams

Recent crypto scams—like the BitMiner fraud (Feb 2025, ~$157k stolen) and the QFS scam in Hanoi (Dec 2024, ~$1.17 million defrauded)—have prompted stricter legal frameworks to protect consumers and investors .