#VietnamCryptoPolicy

Vietnam has recently made significant strides in its cryptocurrency policy, moving towards a more regulated and recognized environment for digital assets.

Here's a breakdown of Vietnam's crypto policy:

Key Developments:

* Legalization and Recognition: On June 14, 2025, Vietnam's National Assembly approved the Law on Digital Technology Industry. This landmark legislation officially recognizes crypto assets and establishes a clear legal framework for them. It makes Vietnam one of the first countries globally to enact comprehensive standalone legislation dedicated to the digital technology sector.

* Effective Date: This new law is set to come into effect on January 1, 2026.

* Classification of Digital Assets: The law introduces a sophisticated two-tier classification system for digital assets:

* Virtual assets: Typically non-financial tokens, loyalty points, or gaming-related digital goods.

* Crypto assets: Encompass assets based on cryptographic and distributed ledger technologies such as Bitcoin, Ethereum, and potentially NFTs.