Kasumi86
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#VietnamCryptoPolicy Vietnam took an important step in terms of adoption with the approval of a new law that recognizes cryptocurrencies and establishes a legal framework for their oversight.
The legislation, which was approved yesterday, June 14, by the National Assembly of Vietnam, lays the groundwork and aims to create conditions to foster digital innovation in the country. Specifically, the regulation classifies digital assets as follows: virtual assets and cryptocurrencies. Although they rely on encryption technologies for validation and transfer, they do not include securities, fiat digital currencies, or other financial instruments.
Following the approval, the government of Vietnam will need to work on establishing what type of commercial activity is permitted and what kind of scrutiny will be applied to the use and transferability of such assets, local media reported. The law will come into effect on January 1, 2026.
The legislation, which was approved yesterday, June 14, by the National Assembly of Vietnam, lays the groundwork and aims to create conditions to foster digital innovation in the country. Specifically, the regulation classifies digital assets as follows: virtual assets and cryptocurrencies. Although they rely on encryption technologies for validation and transfer, they do not include securities, fiat digital currencies, or other financial instruments.
Following the approval, the government of Vietnam will need to work on establishing what type of commercial activity is permitted and what kind of scrutiny will be applied to the use and transferability of such assets, local media reported. The law will come into effect on January 1, 2026.
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