#VietnamCryptoPolicy Vietnam’s Law on Digital Technology Industry, approved by the National Assembly on June 14, 2025, and effective January 1, 2026, formally legalizes and regulates digital assets . Digital assets are split into two categories: virtual assets (e.g. game tokens, loyalty points) and crypto assets (those secured via encryption and blockchain, like Bitcoin or Ethereum). Crucially, this law excludes securities, fiat-backed digital currency, and central bank digital currencies from its scope . It empowers the government to establish licensing regimes, AML/KYC compliance, cybersecurity standards, and consumer safeguards aligned with FATF norms . Aimed at lifting Vietnam off the FATF “gray list,” the law also offers incentives—tax breaks, land-use benefits, and R&D subsidies—for blockchain, AI, semiconductor, and digital infrastructure firms .