Vietnam has taken a significant step towards the legalization and regulation of cryptocurrencies. Recently, on June 14, 2025, the National Assembly of Vietnam approved the Digital Technology Industry Law, which officially classifies digital assets into two categories: virtual assets and crypto-assets.
This legislation, which will come into effect on January 1, 2026, aims to provide a clear legal framework for the sector. Previously, cryptocurrencies operated in a legal gray area in Vietnam, despite high adoption among its population. The new law not only defines these assets but also establishes requirements for cybersecurity, anti-money laundering (AML), and counter-terrorism financing, aligning with international standards. This strategic move positions Vietnam as a center of innovation in blockchain and seeks to attract investments while addressing the concerns of groups like the FATF, where Vietnam has been on the "gray list" since 2023.
