#VietnamCryptoPolicy Vietnam has made a significant move in the crypto space by legalizing cryptocurrency assets through the Law on Digital Technology Industry, passed by the National Assembly on June 14, 2025. This law, effective January 1, 2026, aims to provide a clear legal framework for the digital economy, encouraging innovation and investment.

*Key Points:*

- *Crypto Asset Recognition*: The law formally recognizes crypto assets like Bitcoin and Ethereum, distinguishing them from other digital tools used for exchange or investment.

- *Two-Tiered Framework*: Digital assets are classified into two categories:

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

- *Crypto Assets*: Assets based on cryptographic and distributed ledger technologies.

- *Regulatory Goals*: The law aims to improve anti-money laundering and cybersecurity compliance, aligning Vietnam with international standards.

- *Market Impact*: With approximately 17 million users holding digital assets, this move is expected to boost consumer trust, attract global blockchain companies, and increase investment.

- *Revenue Potential*: A modest 0.1% transaction tax could generate over $800 million annually in government revenue.¹ ² ³

*Why This Matters:*