#VietnamCryptoPolicy Vietnam has recently passed a new law recognizing crypto assets, which will take effect in January 2026, providing a formal legal framework for cryptocurrencies and digital assets The government has been actively working on drafting policies and regulations on cryptocurrencies, with Prime Minister Pham Minh Chinh ordering the Ministry of Finance and the State Bank of Vietnam to submit a legal framework by mid-2025.

Key points about Vietnam's crypto policy include:

The new law formally recognizes crypto assets, addressing the previous lack of legal definitions for digital currencies like Bitcoin and Ethereum.

The government plans to pilot a state-authorized cryptocurrency trading platform to protect investors' rights and support economic growth.

The Ministry of Finance is tasked with enabling Vietnamese companies to issue virtual assets to raise funds, aligning with global trends.

Vietnam has a high rate of digital asset ownership, with about 21% of the population owning digital assets, ranking among the top globally.

The government is also implementing digital security measures, such as mandatory facial recognition for digital payments above $390.

This comprehensive approach aims to regulate and foster the crypto market while protecting investors and boosting the economy.