#VietnamCryptoPolicy

Vietnam has taken a decisive step towards regulating its developing digital economy through the official legalization of cryptocurrencies.

On Saturday, the National Assembly passed the Digital Technology Industry Law, which is a comprehensive measure defining, classifying, and establishing the rules for managing digital assets for the first time in the country's history.

This move comes after years of regulatory uncertainty and increasing international pressure. Since 2023, Vietnam has remained on the Financial Action Task Force's "gray list" due to insufficient safeguards against money laundering concerning virtual assets.

In response, the government has intensified efforts to formalize regulations regarding digital assets, resulting in this law, which is set to come into effect on January 1, 2026.

This follows Prime Minister Phạm Minh Chính's call in March for faster progress in cryptocurrency regulation, directing the Ministry of Finance and the State Bank of Vietnam to submit a complete draft legal framework. This move reflects the government's growing urgency to provide clarity in the rapidly evolving digital asset space.