#VietnamCryptoPolicy

Vietnam's Policy on Digital Currencies**

The Vietnamese parliament adopted an important law on June 14, 2025, titled 'Law on Digital Technology Industry', which defines and distinguishes for the first time 'virtual assets' and 'encrypted assets', with an effective date set for January 1, 2026. This initiative follows the instruction of Prime Minister Pham Minh Chinh in March 2025 requesting the Ministry of Finance and the Central Bank to accelerate the development of the legal framework for digital assets.

Among the highlights of the new policy:

- Adoption of strict anti-money laundering and counter-terrorism financing (AML/CFT) standards.

- Imposition of tax compliance obligations, with digital currencies classified as investment assets subject to taxation.

- Creation of a testing environment (sandbox) for platform experiments prior to their official launch, planned in new financial centers such as Ho Chi Minh and Da Nang by 2026.

**Summary**: Vietnam is moving from a situation of regulatory ambiguity to a solid and comprehensive legal framework for digital assets, paving the way for constructive and responsible growth of the cryptocurrency and blockchain industry.