#VietnamCryptoPolicy Vietnam has made significant strides in cryptocurrency regulation with the passage of the Law on Digital Technology Industry on June 14, 2025. This law grants full legal recognition to crypto assets and establishes a clear regulatory framework, effective January 1, 2026. Here are the key aspects¹ ²:

- *Classification of Digital Assets*: The law categorizes digital assets into two types:

- *Virtual Assets*: Digital assets used for exchange or investment, such as loyalty points or gaming-related digital goods.

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

- *Regulatory Framework*: The government will develop guidelines, including:

- *Licensing Requirements*: For businesses operating in the digital asset space.

- *Compliance Protocols*: To ensure adherence to regulations.

- *Consumer Protection Measures*: To safeguard investors.

- *Anti-Money Laundering (AML) Standards*: Aligned with international best practices.

- *Cybersecurity and AML Measures*: Robust oversight mechanisms will be implemented to meet global standards and address Financial Action Task Force (FATF) concerns.

- *Incentives for Technology Companies*: The law introduces tax breaks, favorable land-use policies, and research and development subsidies for tech firms, particularly those in chip design and AI data centers.

- *Education and Workforce Development*: Significant investments in digital education and workforce training are mandated, with national curricula reformed to integrate digital technology skills.

The new law positions Vietnam as a potential leader in blockchain innovation and digital asset adoption in Southeast Asia, aiming to³:

- *Boost Market Confidence*: Provide regulatory clarity to attract institutional investors.