#VietnamCryptoPolicy
The Vietnamese Parliament passed a significant law titled 'Digital Technology Industry Law' on June 14, 2025, which defines and distinguishes between 'virtual assets' and 'crypto assets' and recognizes them for the first time, with implementation starting on January 1, 2026. This move follows Prime Minister Pham Minh Chinh's directive in March 2025 for the Ministry of Finance and the Central Bank to expedite the formulation of the legal framework for digital assets.
Key aspects of the new policy include:
- Adopting strict anti-money laundering and counter-terrorism financing (AML/CFT) standards.
- Imposing tax compliance obligations, as digital currencies are classified as investment assets subject to taxation.
- Establishing a sandbox for platform testing prior to official launch, expected in new financial centers such as Ho Chi Minh City and Da Nang by 2026.
**Conclusion**: Vietnam is transitioning from a state of regulatory ambiguity to a robust and comprehensive legal framework for digital assets, opening the door to constructive and responsible growth for the cryptocurrency and blockchain industry.