#VietnamCryptoPolicy Vietnam has recently made significant strides in cryptocurrency regulation with the passage of the Law on Digital Technology Industry. This law, approved on June 14, 2025, and set to take effect on January 1, 2026, recognizes crypto assets and establishes a comprehensive legal framework for digital assets. Here are the key aspects ¹ ²:
- *Classification of Digital Assets*: The law categorizes digital assets into two types:
- *Virtual Assets*: Non-financial tokens, loyalty points, and digital goods in gaming sectors.
- *Crypto Assets*: Assets based on cryptographic technologies and distributed ledgers, such as Bitcoin and Ethereum.
- *Regulatory Oversight*: The government will define precise operational guidelines, covering:
- Licensing requirements
- Compliance protocols
- Consumer protection measures
- Anti-Money Laundering (AML) standards aligned with international norms
- *Incentives for Tech Development*: The law introduces sweeping incentives for enterprises working in:
- *Artificial Intelligence (AI)*: Tax breaks, land-use benefits, and R&D support.
- *Semiconductors*: Support for chip design and AI data centers.
- *Digital Infrastructure*: Funding for research and development.
- *Cybersecurity and Consumer Protection*: Stringent cybersecurity processes and enhanced user protection measures to prevent fraud and abuses.
- *Workforce Development*: Investments in digital education and specialized training, with regional governments supporting workforce development programs.
Vietnam's crypto policy aims to position the country as a regional leader in blockchain innovation and digital asset adoption, while ensuring regulatory transparency and consumer protection ³.
