#VietnamCryptoPolicy Vietnam's recent strides in cryptocurrency policy mark a significant shift from a "grey zone" to a more regulated environment, with the passage of the Law on Digital Technology Industry. This landmark legislation, effective January 1, 2026, officially recognizes digital assets, differentiating between "virtual assets" and "crypto assets." The former, like in-game tokens, will have looser obligations, while the latter, including financial tokens, will face stricter licensing, capital requirements, and Know Your Customer (KYC) rules, reflecting a balanced approach between fostering innovation and ensuring control.

A key driver behind this regulatory clarity is Vietnam's aim to exit the Financial Action Task Force (FATF) grey list by strengthening its anti-money laundering (AML) and counter-terrorist financing (CTF) compliance standards. The new law mandates regulatory bodies to establish clear guidelines for classification, management, and trading of digital assets, alongside robust cybersecurity measures.

Furthermore, Vietnam's crypto policy is intricately linked to its broader ambition of becoming a leading digital technology hub. The legislation introduces incentives such as tax breaks, land-use benefits, and research and development support for businesses in core technologies like chip design and AI data centers. This strategic alignment underscores the government's belief that a well-regulated crypto industry can be a pillar of its digital economy, attracting global investment and fostering domestic innovation.