#VietnamCryptoPolicy with Groundbreaking Crypto Legalization
Vietnam has become the first country to pass a standalone. Digital Technology Industry Law, legalizing #crypto assets like Bitcoin and Ethereum effective January 1, 2026. The law classifies digital assets into virtual assets (e.g., gaming tokens) and crypto assets (e.g., $BTC , $ETH ), excluding securities and fiat currencies .
Key highlights:
- AML/CFT safeguards to align with FATF standards, addressing Vietnam’s "gray list" status.
- Tech incentives: Tax breaks for AI, semiconductors, and digital infrastructure.
- Crackdown on scams: Recent busts like BitMiner ($157K fraud) underscore the need for regulation.
This move positions Vietnam as a Southeast Asian crypto hub, balancing innovation with consumer protection . 🚀
