#VietnamCryptoPolicy Vietnam has enacted the **Law on Digital Technology Industry** (effective January 1, 2026), marking a historic shift by legally recognizing **crypto assets** and establishing a dual classification system:

- **Virtual Assets**: Non-financial digital tokens (e.g., loyalty points, gaming items) .

- **Crypto Assets**: Encryption-based digital units (e.g., Bitcoin, Ethereum) explicitly excluding securities or fiat currencies .

The law mandates **strict AML/cybersecurity protocols** to align with international standards, addressing Vietnam’s FATF "gray list" status since 2023 . It also introduces **tax breaks, R&D funding, and workforce training** for AI and semiconductor sectors, positioning Vietnam as a global digital tech hub .

This framework responds to high crypto adoption (17M users, $105B in 2023–24 inflows) and recent scams like BitMiner, highlighting enhanced consumer protections .