#VietnamCryptoPolicy

So here are all the details

How many countries to follow before crypto becomes bigger than gold and fiat

Vietnam’s National Assembly passed the Digital Technology Industry Law on June 14, 2025, set to come into effect on January 1, 2026. It’s the country’s first standalone legislation that:

• Officially recognizes digital assets, distinguishing between:

• “Virtual assets” (non-financial tokens like in-game items)

• “Crypto assets” (encrypted tokens such as Bitcoin, Ethereum)  

• Excludes securities, stablecoins, and central bank digital currencies from its scope .

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🛡️ Core Regulatory Objectives

1. AML & FATF Compliance

• Vietnam has been on the FATF’s “grey list” since 2023 due to weak anti-money laundering oversight.

• The law mandates AML, cybersecurity, and terrorism-financing safeguards aligned with global standards  .

2. User Protection & Market Transparency

• Introducing clear definitions and classification provides legal clarity—enhancing confidence and protection for users and investors .

3. Formalizing a High-Use Sector

• With an estimated 17 million Vietnamese owning crypto—about 17% of the population—the country has one of the world’s highest crypto adoption rates