#VietnamCryptoPolicy Vietnam has adopted a law on digital assets, which will come into effect on January 1, 2026, officially recognizing cryptocurrencies as digital assets. The law distinguishes between digital assets as virtual and crypto assets, not classifying them as securities or digital currency. This law is a step towards regulating the cryptocurrency sector and may help Vietnam exit the FATF 'grey list'.

Key points of the law:

Definition of digital assets:

The law defines digital assets that use encryption and blockchain for creation, issuance, storage, and transfer.

Categorization:

It classifies digital assets into virtual and crypto assets, excluding financial instruments.

Regulation:

Authorities will develop rules for business registration, asset classification, and supervision.

Cybersecurity and AML:

The law includes measures to ensure cybersecurity and combat money laundering, in line with international standards.

Effective date:

The law will come into effect on January 1, 2026.

Legalization of cryptocurrencies:

Vietnam has become one of the first countries to legalize crypto assets at the legislative level.