• Vietnam legalizes crypto under new Digital Technology Law.

  • Law effective January 2026, regulates Bitcoin, Ethereum.

  • Incentives for AI, chip design, blockchain innovation.

  • Anti-money laundering, cybersecurity measures enforced.

  • Vietnam aims for Southeast Asia blockchain leadership.

Vietnam Passes Landmark Crypto Legislation

Vietnam’s National Assembly approved the Law on Digital Technology Industry on June 14, legalizing crypto assets and establishing a regulatory framework. Effective January 1, 2026, the law recognizes digital assets and aims to foster innovation in blockchain, AI, and semiconductors.

The legislation addresses Vietnam’s growing crypto market. The country ranks among the top five globally in crypto adoption, driven by a tech-savvy population and high mobile penetration.

Regulatory Framework and Incentives

The law introduces oversight for crypto assets, defining them as assets based on cryptographic and distributed ledger technologies, such as Bitcoin and Ethereum. Virtual assets, like gaming tokens, are distinguished from crypto.

The Ministry of Science and Technology will enforce the law, collaborating with the Ministry of Finance and the State Bank of Vietnam. Regulations align with international standards, including cybersecurity and anti-money laundering measures to address Financial Action Task Force concerns. Vietnam has been on the FATF gray list since 2023.

Incentives include tax breaks, land-use policies, and R&D subsidies for tech firms, particularly in chip design and AI data centers. Provincial governments must develop training programs, and national curricula will integrate digital skills from primary education.

Combating Crypto Fraud

The law responds to widespread cryptocurrency fraud in Vietnam. A regulated framework aims to protect investors and ensure market integrity. The government seeks to channel crypto into economic growth while minimizing risks.

Vietnam’s pilot crypto exchange, planned with Bybit’s support, will test regulated trading in a controlled environment. The initiative, announced in April, underscores the government’s commitment to safe blockchain innovation.

Regional Leadership Ambitions

The legislation positions Vietnam as a blockchain hub in Southeast Asia. It is the first country to enact standalone digital technology laws, surpassing regional peers. The law supports domestic tech development under the “Make in Vietnam” banner.

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