#VietnamCryptoPolicy Vietnam has taken a significant step in regulating its digital economy by passing the Law on Digital Technology Industry, which recognizes and legalizes crypto assets. The law, approved on June 14, 2025, will take effect on January 1, 2026, and establishes a comprehensive regulatory framework for digital innovation. The legislation categorizes digital assets into two types: virtual assets and crypto assets, excluding securities and digital fiat currencies.
*Key Provisions:*
- *Regulatory Framework*: The law mandates anti-money laundering (AML) and anti-terrorism standards, aligning with international norms.
- *Incentives*: The government will offer state subsidies, tax exemptions, and visa perks to blockchain startups and digital infrastructure developers.
- *Classification*: Digital assets are divided into virtual assets and crypto assets, with clear guidelines for their validation and transfer.
- *Oversight*: The law requires digital asset businesses to follow security practices that reduce illicit finance risks.
- *International Cooperation*: Vietnam aims to meet international expectations for crypto regulation, particularly under FATF guidelines, after being on the gray list since 2023.
This new law marks a significant milestone in Vietnam's digital transformation journey, positioning the country as a potential global leader in technology and innovation.¹ ² ³
