#VietnamCryptoPolicy Vietnam has recently made significant strides in its cryptocurrency policy, moving from a previously ambiguous "grey zone" to a more defined regulatory framework.

Here's a breakdown of the key aspects:

1. Legal Recognition and Classification:

* On June 14, 2025, Vietnam's National Assembly approved the Law on Digital Technology Industry, which officially recognizes digital assets, including cryptocurrencies.

* This law, effective January 1, 2026, classifies digital assets into two categories:

* Crypto assets: These are blockchain-based tokens with financial functions, subject to stricter regulations like licensing, capital requirements, and Know Your Customer (KYC) rules.

* Virtual assets: These are digital items primarily for trading or investment, but exclude securities, stablecoins, and central bank digital currencies (CBDCs). They generally fall under looser obligations.