#VietnamCryptoPolicy Vietnam is undergoing a significant transformation in its approach to cryptocurrency regulation. On June 14, 2025, the National Assembly adopted the Digital Technology Industry Law, which legalizes cryptocurrency assets and paves the way for a comprehensive regulatory framework. This legislation, which came into effect on January 1, 2026, classifies digital assets into two types: virtual assets and cryptocurrency assets. However, it explicitly excludes digital fiat currencies, securities, and other financial instruments from these definitions. The government is now tasked with developing specific business conditions, classifications, and oversight mechanisms for these types of assets. The law also imposes cybersecurity and anti-money laundering measures aligned with international standards, addressing the concerns of the Financial Action Task Force (FATF).

At the same time, Vietnam is launching a pilot cryptocurrency exchange program. The Ministry of Finance, in collaboration with global exchanges like Bybit, is establishing a regulatory sandbox to test cryptocurrency trading platforms. This initiative aims to evaluate anti-money laundering (AML) and know-your-customer (KYC) protocols, as well as to assess the viability of stablecoin applications in a controlled environment.

These developments mark a significant shift from Vietnam's previous position, where cryptocurrency transactions were common but lacked clear legal frameworks, exposing investors to risks such as fraud and market manipulation. The new laws and pilot programs indicate Vietnam's commitment to integrating digital assets into its economy in a responsible and transparent manner.