The Vietnamese government has approved a new law that defines the legal framework for digital assets, under the name of the Digital Technology Industry Law, which will come into effect in January 2026. This legislation aims to regulate cryptocurrency activities and support the growth of the emerging digital sector in the country.

New Classification for Digital Assets

According to reports, the law officially recognizes digital assets and divides them into two main categories. The first is cryptocurrencies, which are digital tools that rely on encryption technologies and blockchains to create, issue, store, and transfer them. This includes tokens used to verify transactions and prove ownership across distributed networks.

The second category is virtual assets, which are primarily used for trading and investing, but do not include securities, stablecoins, central bank digital currencies (CBDCs), or regulated financial products.

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