#VietnamCryptoPolicy Vietnam has taken a significant step towards the regulation of cryptocurrencies and digital assets. On June 14, 2025, the National Assembly of Vietnam approved a new Digital Technology Industry Law, which includes the legal definition of digital assets. This law will come into effect on January 1, 2026.

Below is the current and future crypto policy of Vietnam:

Before January 2026 (Current Situation):

* Regulatory gray zone: Until the approval of this new law, the situation of cryptocurrencies in Vietnam has been in a "regulatory gray zone". While they were not explicitly prohibited, they also did not have a clear legal framework regulating them as currency or method of payment.

* Prohibition as a legal method of payment: The issuance, supply, and use of cryptocurrencies as currency or method of payment have been illegal and not legally protected in Vietnam. This has meant that transactions made with cryptocurrencies as a means of payment did not have legal backing.

* Market growth: Despite the lack of regulation, Vietnam has been a very active market for cryptocurrencies, with a high rate of adoption and investment. This has driven the need for a legal framework.

* Concerns about money laundering (AML): Vietnam has been on the gray list of the Financial Action Task Force (FATF) since 2023, which has pressured the country to implement clear regulations for virtual assets and strengthen its compliance standards against money laundering.

Starting January 1, 2026 (New Digital Technology Industry Law):

* Legal recognition of digital assets: The new law officially legalizes digital assets, classifying them into two categories:

* Virtual assets: Generally used for exchange or investment purposes (such as game tokens or loyalty points)