Vietnam's cryptocurrency policy has evolved significantly with the new digital technology law approved on June 14, 2025. Key developments include:
1 Legal Status currencies are recognized, categorized into virtual assets and crypto assets.
2. Regulatory Framework*: Government to outline business conditions, classifications, and oversight mechanisms.
3. *Taxation*: Potential taxation on digital asset transactions.
4. State Bank exploring Central Bank Digital Currency
Vietnam has high crypto adoption rates, with 17% of the population owning or using crypto currencies, driven by accessibility, investment, and remittances. The government is taking steps to regulate the sector, including AML measures and KYC requirements.
