#VietnamCryptoPolicy

Vietnam has made history by passing the Law on Digital Technology Industry, officially legalizing crypto assets and setting a regulatory framework effective January 1, 2026. The law classifies digital assets into two categories:

🎮 Virtual assets (e.g., loyalty points, gaming tokens)

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🪙💰Crypto assets (e.g., Bitcoin, Ethereum, NFTs), defined by cryptographic validation.

Key highlights:

✅ Regulatory clarity: Excludes securities and CBDCs, focusing on crypto-specific rules.

✅ AML/CFT compliance: Strict measures to align with FATF standards, aiming to exit the "grey list".

✅ Incentives: Tax breaks, subsidies for blockchain startups, AI, and semiconductor sectors.

✅ Fraud prevention: Enhanced cybersecurity after high-profile scams like the $400M MTC exchange fraud.

Vietnam’s move positions it as a Southeast Asian crypto hub, attracting institutional investment and fostering innovation. Stay tuned for detailed sub-regulations in the coming months!