#VietnamCryptoPolicy The legislation, which is set to come into effect in Vietnam in 2026, will recognize crypto assets and pave the way for broader digital innovation across the country, according to local media reports.

The law classifies digital assets into two categories: virtual assets and crypto assets. Both rely on cryptography or digital technologies for validation and transfer, and neither includes securities, digital fiat currencies, or other financial instruments.

The government now has the task of outlining specific business conditions, classifications, and oversight mechanisms for these types of assets.

The law also stipulates cybersecurity safeguards and anti-money laundering measures in accordance with international standards.