#VietnamCryptoPolicy #VietnamCryptoPolicy Vietnam has recently made significant strides in defining its cryptocurrency policy, moving from a largely unregulated "grey area" to a more formalized legal framework. Here's a breakdown of the key developments:

New Law on Digital Technology Industry (Effective January 1, 2026):

* Legal Recognition: On June 14, 2025, Vietnam's National Assembly approved the Law on Digital Technology Industry. This landmark legislation officially recognizes Bitcoin and other cryptocurrencies as digital assets.

* Classification: The new law introduces a two-tier classification system for digital assets:

* Virtual assets: Generally non-financial tokens, loyalty points, or gaming-related digital goods.

* Crypto assets: Assets based on cryptographic and distributed ledger technologies like Bitcoin, Ethereum, and potentially NFTs.