#VietnamCryptoPolicy#VietnamCryptoPolicy Vietnam's cryptocurrency policy is undergoing a transformative shift as the country moves from a regulatory gray zone to a structured legal framework. The recent passage of the *Law on Digital Technology Industry* on June 14, 2025, marks a pivotal moment, legalizing crypto assets and classifying them into virtual assets and crypto assets, excluding securities and fiat-backed currencies. This legislation, effective January 2026, aims to provide clarity for businesses and investors while aligning with international anti-money laundering (AML) standards to address Vietnam's FATF "gray list" status. The government is also implementing a controlled sandbox pilot program (2025–2027) to test crypto trading platforms, AML protocols, and stablecoin use, fostering innovation under regulatory oversight. With over 17 million Vietnamese owning crypto and market inflows exceeding $100 billion, the policy seeks to curb fraud—like the $100 million scams recently uncovered—while unlocking tax revenue potential, estimated at $800 million annually with a 0.1% transaction tax. By balancing innovation and risk mitigation, Vietnam aims to become a regional digital asset hub, rivaling Singapore and Hong Kong.
