#VietnamCryptoPolicy O Vietnam has taken a significant step towards regulating cryptocurrencies with the approval of the Digital Technology Industry Law. This legislation, which will come into effect on January 1, 2026, establishes a regulatory framework for digital assets in the country, including cryptocurrencies.
*Key points of the legislation:*
- *Definition of digital assets*: The law classifies digital assets into two categories: virtual assets and crypto assets, both validated through cryptography or digital technologies.
- *Regulation*: The legislation establishes clear rules for the management of digital assets, including licensing, consumer protection, and anti-money laundering measures.
- *Cybersecurity*: The law requires cybersecurity measures aligned with international recommendations to prevent crimes such as money laundering and terrorism financing.
- *Objectives*: The legislation aims to create conditions to foster digital innovation in the country, improve Vietnam's reputation with international bodies, and attract foreign investments.
*Impact of the legislation:*
- *Market growth*: Clear regulation can boost the growth of the cryptocurrency market in Vietnam, which is already one of the leaders in cryptocurrency adoption, with 17 million citizens holding digital assets.
- *Foreign investments*: The legislation may attract foreign investments, as it provides a clear and secure regulatory framework for companies wishing to operate in the country.
- *Digital innovation*: The law may promote digital innovation in Vietnam, including the development of technologies such as artificial intelligence and semiconductor manufacturing.¹ ² ³
