#VietnamCryptoPolicy – Key Points ::

Vietnam passed the Digital Technology Industry Law on June 14, 2025, officially recognizing crypto and digital assets; it takes effect January 1, 2026.

The law distinguishes between "virtual assets" (e.g., gaming tokens, loyalty points) and "crypto assets" (e.g., Bitcoin, Ethereum, NFTs).

Cryptocurrencies are recognized as property, not as legal tender or payment method.

The government will set licensing, compliance, and consumer protection rules, with strict anti-money laundering (AML) and cybersecurity standards aligned with global norms.

Incentives for blockchain startups include tax breaks, subsidies, and special visas to promote innovation.

The law aims to address Financial Action Task Force (FATF) concerns and remove Vietnam from the FATF “grey list”.

The framework excludes securities, stablecoins, and central bank digital currencies (CBDCs)45.

Recent enforcement actions target crypto scams, emphasizing consumer protection.