#VietnamCryptoPolicy Previously, the situation was ambiguous. The use of cryptocurrencies as a method of payment for goods and services was illegal, due to government concerns about financial stability. However, the possession and trading of cryptocurrencies on exchanges were not explicitly prohibited, although they were also not comprehensively regulated. This created uncertainty for users and businesses, despite the fact that Vietnam was (and continues to be) one of the countries with the highest rates of cryptocurrency adoption globally.

The new era (starting June 14, 2025, effective January 1, 2026):

On June 14, 2025, the National Assembly of Vietnam approved the "Digital Technology Industry Law." This legislation is a crucial milestone and will fundamentally change the landscape of cryptocurrencies in the country.

Key points of the new policy and my opinion:

* Legalization and recognition of digital assets: The law officially legalizes digital assets, including cryptocurrencies like Bitcoin and Ethereum, and recognizes them as "property" under civil law. This removes cryptocurrencies from the "gray area" and gives them clear legal status.

* Opinion: This is a monumental step. Legal clarity is essential for the growth of any industry, and for cryptocurrencies, this means greater security for investors and a framework for business development.

* Classification of assets: The law distinguishes between "virtual assets" (such as game tokens or loyalty points) and "crypto assets" (such as Bitcoin, Ethereum, NFTs). This distinction is important for applying appropriate regulations to each type.