#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.