#VietnamCryptoPolicy Vietnam has made significant strides in regulating cryptocurrency with the passage of the Law on Digital Technology Industry. Here's a breakdown of the country's crypto policy:

- *Legalization*: Vietnam has officially legalized crypto assets, effective January 1, 2026, bringing digital assets under formal regulation for the first time.

- *Classification*: The law categorizes digital assets into two types:

- *Virtual Assets*: Digital instruments using encryption or digital technology for validation and transfer.

- *Crypto Assets*: Digital instruments relying on encryption and blockchain technologies for creation, issuance, storage, and transfer.

- *Exclusions*: The law excludes securities, digital fiat, and financial instruments from the definition of crypto assets.

- *Regulatory Framework*: The government will create frameworks for crypto regulation, including business requirements, classifications, and oversight.

- *Anti-Money Laundering (AML) and Cybersecurity*: The law mandates digital asset businesses to follow security practices that reduce illicit finance risks, aligning with international norms and FATF guidelines.

- *Implementation*: The Ministry of Finance and the State Bank of Vietnam have been directed to implement the regulatory framework.

*Key Objectives:* btc