#VietnamCryptoPolicy

Vietnam has taken a significant step in cryptocurrency regulation by passing the Law on Digital Technology Industry, which grants full legal recognition to crypto assets and establishes a clear regulatory framework. This law, effective January 1, 2026, categorizes digital assets into two main groups¹:

- *Virtual Assets*: Digital instruments used for exchange or investment, excluding securities and financial instruments.

- *Crypto Assets*: Digital assets relying on encryption technology for transaction validation and ownership.

Key aspects of Vietnam's crypto policy include²:

- *Regulatory Framework*: The government will specify business conditions, classifications, and oversight mechanisms for digital assets.

- *Anti-Money Laundering (AML) and Cybersecurity*: Strict measures to prevent illicit activities and ensure cybersecurity, aligning with international standards.

- *Consumer Protection*: Provisions to safeguard consumers and prevent fraud.

- *Investment Incentives*: Tax breaks, land-use benefits, and R&D support for companies in AI, semiconductors, and digital infrastructure.

This policy aims to³:

- *Boost Market Confidence*: Attract institutional investors and promote legitimate cryptocurrency activities.

- *Combat Crypto Fraud*: Prevent scams and protect investors.

- *Position Vietnam as a Digital Tech Hub*: Foster innovation, digital education, and workforce development.

Overall, Vietnam's approach demonstrates a commitment to creating a secure and regulated digital asset ecosystem, addressing concerns while promoting growth and innovation.