#VietnamCryptoPolicy #VietnamCryptoPolicy

On June 14, 2025, the Vietnamese National Assembly approved the "Digital Technology Industry" law, which is a historic step in legalizing digital assets, including cryptocurrencies, effective January 1, 2026. The law classifies digital assets into two categories: "virtual assets" used for trading and investment, and "cryptographic assets" based on encryption technologies for verification and ownership, with the exception of financial instruments and government-backed digital currencies.

The law requires authorities to formulate clear regulatory guidelines that include licensing requirements while enhancing anti-money laundering, counter-terrorism financing, and cybercrime controls, in accordance with the standards of the Financial Action Task Force (FATF), as Vietnam has been on the gray list since 2023.

Additionally, the law paves the way to encourage technological innovation through tax incentives and support for artificial intelligence projects, semiconductor design, and data center construction, as part of Vietnam's vision to become a regional digital hub. This transformation reflects a rapid shift towards integrating the digital economy within a comprehensive legal framework, which may enhance the country's attractiveness to local and international investors.