#VietnamCryptoPolicy
Away from cryptocurrencies, the law highlights Vietnam's broader ambition to become a leader in the digital economy, offering significant incentives and support for artificial intelligence, chip manufacturing, and the development of digital infrastructure.
This move is expected to attract investments, boost innovation, and solidify Vietnam's position at the forefront of the global digital transformation.
Vietnam has officially ended the "gray area" for digital currencies by issuing a historic law that legalizes and regulates digital assets. The "Digital Technology Industry Law," which comes into effect on January 1, 2026, is an important turning point, positioning Vietnam as a regional hub for Web 3 and technology.
This comprehensive legislation provides a clear framework for "virtual assets" and "digital assets," distinguishing them from traditional financial instruments.
It imposes licensing for exchanges and service providers, along with robust cybersecurity and anti-money laundering measures, in line with international standards, aiming to lift Vietnam from the "gray list" of the Financial Action Task Force.
#pepe
