#VietnamCryptoPolicy Vietnam legalizes cryptocurrencies with a new digital technology law

Vietnam has approved a digital technology law that legalizes crypto assets and establishes incentives for artificial intelligence, semiconductors, and infrastructure. The National Assembly of Vietnam passed the Law on the Digital Technology Industry on June 14, subjecting digital assets to regulatory oversight.

The legislation, which will come into effect on January 1, 2026, recognizes crypto assets and lays the foundation for broader digital innovation across the country, according to local media reports.

The law classifies digital assets into two categories: virtual assets and crypto assets. Although both are based on encryption or digital technologies for validation and transfer, neither includes securities, digital fiat currencies, or other financial instruments.

The government now has the task of defining specific business conditions, classifications, and oversight mechanisms for these types of assets.

The law also requires cybersecurity and anti-money laundering measures in line with international standards, in an effort likely aimed at addressing the concerns of the Financial Action Task Force (FATF). Vietnam has been on the FATF's "grey list" since 2023.