#VietnamCryptoPolicy Vietnam's cryptocurrency policy has undergone significant developments. Here's what you need to know ¹ ² ³:

- *Legal Status*: Cryptocurrency is not considered legal tender in Vietnam, and using it as a payment method for goods and services is prohibited. However, owning and trading cryptocurrency is not 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 classifies digital assets into two categories:

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

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

- *Government Oversight*: The government will develop detailed implementation guidelines, including licensing requirements, compliance protocols, consumer protection measures, and robust Anti-Money Laundering (AML) standards.

- *AML and Cybersecurity*: The law mandates strict oversight mechanisms to meet global standards and prevent illicit activities, including money laundering and terrorism financing.

- *Incentives for Digital Technology*: The law introduces sweeping incentives for enterprises working in AI, semiconductors, and digital infrastructure, including tax breaks, land-use benefits, and R&D support.

- *Education and Workforce Development*: The law emphasizes digital education and workforce training, with a focus on developing a skilled workforce for the digital economy.

Overall, Vietnam's cryptocurrency policy is evolving to provide clarity and oversight while promoting innovation and growth in the digital technology sector.