#VietnamCryptoPolicy Vietnam's cryptocurrency policy has undergone significant developments. Here's what you need to know :

- *Legal Status*: Cryptocurrencies are not recognized as legal tender, and using them for payments is prohibited. However, owning and trading cryptocurrencies is not strictly illegal.

- *Regulatory Framework*: A new law, the Law on Digital Technology Industry, was passed on June 14, 2025, which grants full legal recognition to crypto assets and establishes a clear regulatory framework. This law takes effect on January 1, 2026.

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

- *Virtual Assets*: Non-financial tokens, loyalty points, or gaming-related digital goods.

- *Crypto Assets*: Assets based on cryptographic and distributed ledger technologies, such as Bitcoin and Ethereum.

- *Anti-Money Laundering (AML) and Consumer Protection*: The law requires strict AML measures and consumer protection provisions, aligning with international best practices.

- *Taxation*: Taxation of cryptocurrencies remains ambiguous, but the government plans to develop a legal framework for virtual assets, which may include taxation policies.

- *Government Stance*: The government is taking a cautious approach, balancing the potential benefits of blockchain technology with concerns about financial stability.

*Key Implications*

- *Increased Clarity*: The new law provides much-needed clarity for businesses and investors operating in the digital asset space.

- *Boost to Market Confidence*: The regulatory framework is expected to significantly boost market confidence in Vietnam's digital asset sector and attract institutional investors.

- *Digital Economy Growth*: The law is part of a broader vision to establish Vietnam as a regional digital technology center, promoting growth in the digital economy .