#VietnamCryptoPolicy Vietnam has made significant strides in regulating cryptocurrency with the passage of the Law on Digital Technology Industry. Here's a breakdown of the country's crypto policy ¹ ²:

- *Legalization*: Vietnam officially legalized cryptocurrency on June 14, 2025, with the new law taking effect on January 1, 2026.

- *Classification*: The law categorizes digital assets into two main types:

- *Virtual Assets*: Digital assets that use encryption or digital technology for validation and transfer.

- *Crypto Assets*: Digital instruments that rely on encryption and blockchain technologies for creation, issuance, storage, and transfer.

- *Regulatory Framework*: The law excludes Central Bank Digital Currencies (CBDCs) and securities to protect traditional financial systems. It mandates compliance with:

- *Anti-Money Laundering (AML)*: Digital asset businesses must follow security practices that reduce illicit finance risks.

- *Counter-Financing of Terrorism (CFT)*: Companies must handle identity checks, reporting, and security threats.

- *Cybersecurity*: Businesses must adhere to strict cybersecurity standards.

- *Government Oversight*: Regulatory bodies will monitor crypto-related businesses and platforms, ensuring they operate within the new framework.

- *International Alignment*: The law aligns with global standards, particularly FATF guidelines, to prevent money laundering and terrorist financing.

- *Industry Growth*: The legislation aims to promote the growth of the digital asset industry, attracting investment and innovation in emerging technologies like blockchain and artificial intelligence.

Overall, Vietnam's crypto policy seeks to create a structured and regulated environment for digital assets, balancing innovation with risk management and financial stability ³ ⁴.