#VietnamCryptoPolicy
Vietnam has approved a law on digital technology manufacturing, which regulates and organizes cryptocurrencies. The law categorizes digital assets into "virtual assets" and "cryptographic assets," excluding securities and central bank digital currencies. This move aims to attract foreign investment, encourage technological innovation, and align with international standards, which could lead to Vietnam being removed from the Financial Action Task Force's gray list.
🇻🇳 Vietnam is moving towards comprehensive regulation of digital currencies 🇻🇳
• The government launched a directive from the Prime Minister in March 2025 to immediately start establishing a legal framework for digital currencies in collaboration with the Ministry of Finance and the Central Bank.
• This step aims to create a secure legal environment, including the implementation of a "sandbox" to test risk assessment platforms before formal trading begins, expected in 2026.
• This policy is part of a broader plan to combat money laundering and terrorism financing and to promote sustainable economic growth (8% by 2025).
• Although digital currencies are not currently a legal means of payment, about 17 million Vietnamese (≈21% of the population) own them, making Vietnam one of the largest usage markets in the world.
⸻
📣 Summary: A clear start with a legal framework in 2025 and organized experiments in financial centers by 2026—to protect investors and support the fintech sector
