#VietnamCryptoPolicy
Vietnam Legalizes Crypto with New Digital Tech Law šVietnam has passed a new law called the Law on Digital Technology Industry, making cryptocurrencies like Bitcoin official digital assets! š This law was approved on June 14, 2025, and will start on January 1, 2026. Itās a big step for Vietnam to manage the growing world of crypto. šøThe law splits digital assets into two types: virtual assets and crypto assets. These are not money, stocks, or bank assets but special digital items protected by tech. The government will now make rules to keep them safe and stop illegal activities like money laundering. š”ļø This follows global standards, which could help Vietnam work better with international groups like the Financial Action Task Force. šVietnamās love for crypto is huge! About 17% of people there use it, even when it wasnāt fully legal before. š Many use crypto because banks arenāt easy to access for 70% of the population. Plus, sending money with crypto is cheaper, and games like Axie Infinity made it fun to earn digital money! š®This law is part of Vietnamās plan to become a tech leader in Southeast Asia, competing with places like Singapore. š It also supports new tech like AI and blockchain with tax breaks and training programs. Vietnam wants to grow its digital economy to $52 billion by 2025! š»The law doesnāt cover everything about crypto yet, but itās a start. It shows Vietnam is ready to embrace digital money and tech to build a stronger future.
