Vietnam has taken a major leap forward in its crypto stance:
Vietnam Regulize The Crypto
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š 1. Landmark Legislation Passed
On June 14, 2025, Vietnamās National Assembly approved the Law on Digital Technology Industry, the countryās first standalone regulation for digital assets . This marks a clear shift from regulatory uncertainty to formal legalization.
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š 2. Effective Date & Asset Classification
Effective January 1, 2026, the law defines two key asset categories:
Virtual assets: Non-financial digital tokens (e.g., loyalty points, game items).
Crypto assets: Blockchain-based encrypted tokens like BTC, ETH, and NFTs.
Notably, fiatāpegged stablecoins, securities, and tokenized fiat are explicitly excluded .
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ā 3. Regulatory Framework & Compliance
The law mandates alignment with cybersecurity and anti-money laundering (AML) standards, directly addressing Vietnamās longstanding gray-list status with the FATF since 2023 .
Regulatory bodies (Ministry of Finance, State Bank) now have statutory authority to establish licensing, operational rules, and oversight mechanisms .
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š 4. Innovation & Institutional Support
In addition to crypto clarity, the law promotes investment in AI, semiconductors, blockchain infrastructure, and workforce development through subsidies and integration into education .
Aimed at unlocking Vietnamās large crypto user base (~17āÆmillion users, >$100āÆbillion in market activity), the regime sets the stage for safer and more transparent market participation .
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š 5. Strategic Outcomes & Watchpoints
Investor protection and market legitimacy should improve significantly.
Vietnam is likely to be removed from FATF's gray list, potentially easing cross-border crypto transactions.
Monitor forthcoming regulations for licensing crypto exchanges, custody services, and taxation frameworks.
Look for policy rollouts on stablecoin issuance, token trading platforms, and pilot Web3 initiatives.
