#VietnamCryptoPolicy Vietnam has recently passed the Law on Digital Technology Industry, which includes legalizing and regulating cryptocurrencies, effective January 1, 2026. This law classifies digital assets into "virtual assets" and "crypto assets," distinguishing them from securities and fiat currencies. The government is tasked with developing specific business conditions, classifications, and oversight mechanisms for these asset.

Legalization of Crypto Assets:

The law, passed on June 14, 2025, grants legal recognition to crypto assets, marking a significant shift in Vietnam's approach to digital assets.

Two-Tier Classification:

The law introduces a two-tier system, differentiating between "virtual assets" (like loyalty points and non-financial tokens) and "crypto assets" (based on blockchain and cryptographic technologies, including Bitcoin, Ethereum, and potentially NFTs).

Separation from Securities:

The law explicitly excludes securities, stablecoins, and CBDCs from the scope of crypto asset regulation.

Regulatory Framework:

The government is responsible for developing detailed regulations, including business conditions, classifications, and oversight mechanisms, for crypto assets.