Vietnam officially recognizes cryptocurrency assets
On June 14, 2025, the National Assembly adopted the 'Law on the Digital Technology Industry', which introduces legal recognition of crypto and virtual assets from January 1, 2026.
Assets are divided into two categories:
Crypto assets – cryptocurrencies with blockchain verification (BTC, ETH, etc.)
Virtual assets – in-game tokens, NFTs, etc.
Regulatory clarity and compliance with international standards
The law requires the introduction of licensing, compliance with AML/KYC, cybersecurity, and capitalization of exchanges. This is part of Vietnam's efforts to exit the FATF 'gray list'.
Investment and infrastructure incentives
The law provides for tax incentives, subsidies, and support for projects in AI, semiconductors, and blockchain startups.
Transition period until 2026
Regulators have about 1.5 years to develop subordinate legislation — licensing, taxation, exchange operations, requirements for DeFi and stable coins.
Why this is important
1. The largest step among ASEAN countries
In terms of cryptocurrency adoption, Vietnam is among the top 5 countries in the world. The law opens the way for an influx of investments and growth of local projects.
2. End of the 'legal vacuum'
Clear licensing rules for exchanges and cryptocurrency service providers will mitigate risks and uncertainties.
3. Improvement of the international image
Compliance with FATF standards will help strengthen trust with international partners and reduce sanctions risks.
4. Risk of 'strict' requirements
Everything will depend on the details of the subordinate legislation: they may establish strict norms, complicating the work of startups and exchanges.