#VietnamCryptoPolicy Vietnam has officially legalized digital assets with the approval of the Digital Technology Industry Law by the National Assembly, the country's legislature, on Saturday.
The law defines crypto-assets as digital assets that use encryption or similar digital technologies for validation during creation, issuance, storage, or transfer.
Virtual assets are a type of digital asset used for exchange or investment. They do not include securities, digital representations of fiat currency, or other financial instruments, as defined in civil and financial laws.
Crypto-assets are digital assets that rely on encryption technology to validate transactions and ownership. Like virtual assets, they explicitly exclude securities, digital fiat currencies, and other financial assets according to existing legal frameworks.