#VietnamCryptoPolicy
Vietnam has made a major policy shift on cryptocurrency:
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đď¸ New Law: Digital Technology Industry Law
Passed by the National Assembly on June 14, 2025 and will come into effect January 1, 2026.
For the first time, crypto and digital assets gain full legal recognition, ending prior regulatory uncertainty.
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đ Key Provisions
1. Legal Recognition & Classification
Defines two asset types: crypto assets (coins like Bitcoin/Ethereum) and virtual assets (used for exchange or investment). â Note: excluding securities, fiat, CBDCs.
2. Regulatory Framework Setup
Empowers governmental agencies to establish rules on licensing, cybersecurity, and compliance, including AML/CTF obligations aligned with FATF standards.
3. Transition Period
From now until Jan 1, 2026, regulators will develop detailed licensing, oversight mechanisms, and operating standards.
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đ Why Now?
Addressing FATF Gray List:
Vietnam has been on FATFâs gray list since 2023 due to weak anti-money laundering in crypto. This law is a strategic move toward compliance.
Sky-high Adoption:
Previously, crypto ownership/trading was legalâbut there was no formal framework. The country has one of the worldâs highest crypto adoption rates, so regulation provides clarity and control.
Stimulating Digital Growth:
Embedded within a broader initiative to ramp up AI, semiconductors, and tech infrastructure, the law offers incentives (tax, land-use, subsidies) for digital and crypto innovation.
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â ď¸ Whatâs Still Restricted
Not legal tender:
Crypto cannot be used as a payment method. This prohibition remains; only ownership and trading are permitted.
Details still pending:
The government must draft regulations for licensed exchanges, custody services, AML controls, and sandbox programs ahead of the 2026 deadline.
