#VietnamCryptoPolicy

Vietnam's cryptocurrency policy has undergone significant changes recently. The National Assembly approved the Law on Digital Technology Industry on June 14, 2025, which grants full legal recognition to crypto assets and establishes a clear regulatory framework. This law will take effect on January 1, 2026.

*Key Aspects of the Law:*

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

- *Virtual Assets*: Digital assets used for exchange or investment.

- *Crypto Assets*: Digital assets that rely on encryption technology to validate transactions and ownership.

- *Regulatory Framework*: The government will develop detailed implementation guidelines, including:

- *Licensing Requirements*: For businesses operating in the digital asset space.

- *Compliance Protocols*: To ensure cybersecurity and prevent money laundering.

- *Consumer Protection Measures*: To safeguard investors and users.

- *Anti-Money Laundering (AML) and Counter-Terrorism Financing*: The law mandates strict oversight mechanisms to align with international best practices and address Vietnam's placement on the Financial Action Task Force (FATF) gray list.

*Impact on the Industry:*

- *Increased Legitimacy*: Clear regulations can encourage broader adoption and lay the groundwork for increased retail and institutional engagement.

- *Investor Protection*: The law's consumer protection provisions can create a safer environment for legitimate cryptocurrency activities.

- *Growth of Digital Tech Sector*: The legislation signals Vietnam's ambition to become a comprehensive digital technology hub, with incentives for technology companies, including tax breaks and research and development subsidies.¹ ²