#VietnamCryptoPolicy Vietnam's cryptocurrency policy has undergone significant developments, reflecting the government's efforts to balance innovation with regulatory oversight. The country has emerged as a leader in cryptocurrency adoption, with high trading volumes and strong interest in digital assets.

Key aspects of Vietnam's crypto policy include:

- *Legalization of Cryptocurrency*: Vietnam has officially recognized cryptocurrency as a legitimate asset class through the Law on Digital Technology Industry, passed on June 14, 2025. This law establishes a regulatory framework for digital assets, providing clarity and legitimacy to the industry.

- *Classification of Digital Assets*: The law categorizes digital assets into two types: virtual assets and crypto assets. Virtual assets are non-financial digital tools used for exchange or investment, while crypto assets are encrypted digital units that use blockchain technology to confirm ownership and process transactions.

- *Regulatory Framework*: The government is tasked with outlining specific business conditions, classifications, and oversight mechanisms for digital asset activities. The law also mandates cybersecurity and Anti-Money Laundering (AML) safeguards aligned with international norms.¹ ²

Implications of Vietnam's crypto policy include:

- *Increased Investor Confidence*: The new law is expected to boost investor confidence by providing clearer rules and regulations for the crypto industry.

- *Growth of the Digital Economy*: Vietnam's recognition of cryptocurrency is part of a broader strategy to grow its digital economy, with initiatives to promote innovation in artificial intelligence, semiconductors, and digital infrastructure.

- *International Cooperation*: The law's alignment with international AML standards may help Vietnam address its placement on the Financial Action Task Force's (FATF) gray list and improve its relationship with global financial watchdogs.

Challenges and opportunities ahead:

-