in legality there is prosperity 💰

#VietnamCryptoPolicy Vietnam has officially approved its long-awaited legislation on digital assets, which incorporates cryptocurrencies into the country's legal and financial system.

The new law, which is part of a broader law on the digital technology industry, defines digital assets as goods created, stored, or transferred using encryption or related technologies.

It distinguishes between virtual assets used for investment or exchange and crypto assets, which rely on encryption to confirm ownership and transactions. It is important to highlight that these classifications are legally separate from securities and digital instruments backed by fiat money already regulated under existing frameworks.

With the law coming into effect on January 1, 2026, the Vietnamese government will assume full regulatory oversight of the digital asset market, including the creation of rules for trading, ownership, and classification. Authorities are required to implement cybersecurity protections and anti-money laundering protocols in line with global standards.

The measure directly responds to Vietnam's current inclusion on the Financial Action Task Force (FATF) grey list, where the country has been flagged for insufficient oversight of digital financial activity. The new legal framework is designed to bridge this gap and address concerns about terrorist financing and illicit transactions.