#VietnamCryptoPolicy Vietnam has approved the regulatory law on crypto assets for the digital technology industry.

The bill aimed at creating a structured legal environment for digital assets was supported by 441 out of 445 deputies present at the ninth session of the 15th National Assembly of Vietnam in Hanoi.

According to the new law, digital assets will be divided into two main categories: virtual assets and crypto assets.

The former is primarily used for trading or investment purposes. They do not include securities, stablecoins, central bank digital currencies (CBDC), and any regulated financial products.

Crypto assets are digital instruments for which blockchain is used for creation, issuance, storage, and transfer. This category includes tokens used for verifying transactions and confirming ownership in a distributed ledger.