#VietnamCryptoPolicy #VietnamCryptoPolicy

Vietnam has enacted its landmark Law on Digital Technology Industry (effective Jan 1, 2026), becoming the first country to pass standalone legislation for digital assets.

The law legalizes crypto and classifies digital assets into two categories: crypto assets (using encryption for validation/transfer) and virtual assets (for exchange/investment), excluding securities or fiat currencies .

Key implications include:

- Regulatory Clarity: The government will define business conditions, classifications, and oversight mechanisms, addressing years of legal ambiguity .

- FATF Compliance: Mandates AML/CFT safeguards and cybersecurity protocols to exit the FATF "gray list" (since 2023) .

- Tech Hub Ambitions: Incentives for AI, semiconductor R&D (tax breaks, land-use benefits) and workforce training aim to position Vietnam as a global digital leader .

- Scam Mitigation: Recent crackdowns on frauds (e.g., BitMiner, Million Smiles scams) underscore the need for regulated frameworks to protect investors .#VietnamCryptoPolicy