#VietnamCryptoPolicy

Vietnam’s crypto scene is buzzing, ranking 5th globally in adoption! 🚀 Yet, the new Digital Technology Industry Law, effective Jan 1, 2026, leaves much to be desired.

😕 While it legalizes digital assets and aligns with AML standards, it lacks clear definitions for “virtual” vs. “crypto” assets, creating confusion. 🤔 There’s no licensing system for exchanges or custody services, pushing firms to Singapore.

🌏 Investor protections are weak, leaving users vulnerable to scams like BitMiner’s $158K fraud. 😱 Tax policies are vague, and enforcement’s a challenge, risking tax evasion.

🤑 The sandbox pilot by mid-2026 is promising but lacks detailed criteria. Vietnam’s on the right track, but a robust framework is crucial to secure its blockchain hub dreams! 🔒