#VietnamCryptoPolicy New Legislation and Definitions (Effective January 1, 2026):

* Law on Digital Technology Industry (Approved June 14, 2025): This landmark legislation officially recognizes digital assets, including cryptocurrencies, within Vietnam's legal framework. It's a comprehensive law that also covers initiatives around artificial intelligence (AI) and semiconductors, signaling Vietnam's ambition to become a digital technology hub.

* Classification of Digital Assets: The new law defines two main categories:

* Virtual assets: Digital assets primarily used for exchange or investment.

* Crypto assets: Digital assets that utilize encryption or similar digital technologies for validation during creation, issuance, storage, or transfer.

* Exclusions: Importantly, the law specifies that neither virtual assets nor crypto assets include securities, digital representations of fiat currency, or other financial instruments already covered under existing financial laws.

* Government's Role: The Vietnamese government is now tasked with developing detailed classifications, business conditions, and management protocols for these newly defined asset types. This includes implementing measures for cybersecurity, anti-money laundering (AML), and counter-terrorism financing (CTF).