#VietnamCryptoPolicy

In a step considered the first of its kind in the world, Vietnam approved on June 14, 2025, a new law named the Digital Technology Industry Law, which is set to go into effect at the beginning of the new year, specifically on January 1, 2026. This law is regarded as an official recognition of digital currencies, as it classifies them into two main categories: virtual assets and encrypted assets, opening the door for clear and transparent regulation of this industry within the country. This move comes in the context of Vietnam's increasing interest in maintaining its position at the forefront of countries in terms of digital currency adoption rates, as it currently ranks fifth globally. Through this legislative framework, it aims to affirm its presence and establish its position among the most advanced countries in the field of modern financial technologies. The law also seeks to achieve several goals, including enhancing user protection from risks associated with fraud and financial crimes, as well as strengthening anti-money laundering mechanisms, which contributes to improving the country's image before international institutions and helping it exit the gray list of the Financial Action Task Force (FATF). Vietnam's ambition is not limited to regulating digital currencies alone but also includes stimulating other promising sectors.