#VietnamCryptoPolicy

Vietnam's landmark **Digital Technology Industry Law** (effective January 1, 2026) establishes a comprehensive regulatory framework for digital assets, recognizing **crypto assets** (based on cryptographic validation, e.g., Bitcoin) and **virtual assets** (non-financial digital goods) as distinct from traditional securities or fiat currencies .

The law mandates **strict Anti-Money Laundering (AML) protocols** and **cybersecurity standards** aligned with global norms, aiming to address Vietnam's Financial Action Task Force (FATF) "grey list" status . It also introduces **economic incentives**, including tax exemptions, state subsidies, and visa perks, to foster blockchain innovation, AI, semiconductor development, and digital infrastructure .

This positions Vietnam as a potential **Southeast Asian tech hub**, integrating digital skills into national education and supporting workforce training . The move responds to past crypto scams (e.g., BitMiner and "Million Smiles"), enhancing consumer protection and market legitimacy .