#VietnamCryptoPolicy Vietnam's crypto policy has been evolving, with the government taking steps to regulate the industry while balancing innovation with financial stability concerns. Here's a breakdown of the current state ¹ ²:

Recognition of Crypto Assets: Vietnam has officially recognized digital assets through its new Law on Digital Technology Industry, approved on June 14, 2025. The law defines two categories of digital assets: virtual assets (used for exchange or investment) and crypto assets (digital assets using encryption technology to validate transactions and ownership).

Regulatory Framework: The law will take effect on January 1, 2026, and the Vietnamese government will be responsible for classifying digital assets, specifying management criteria, and detailing business conditions. The regulatory agency will also implement measures to ensure cybersecurity and prevent money laundering, counter-terrorism financing, and other illegal activities.

Current Status: While using cryptocurrency as a payment method is prohibited, owning and trading crypto on exchanges is allowed, albeit in a legal gray area. Vietnamese crypto exchanges are required to conduct Know Your Customer (KYC) procedures, Anti-Money Laundering (AML) compliance, and regular financial reporting to authorities.

Taxation: The taxation of cryptocurrency in Vietnam is ambiguous, with plans to introduce clear regulations soon. Currently, there's no specific tax law covering cryptocurrencies, but the Ministry of Finance has stated that buying and selling digital currency is subject to value-added tax (VAT) and corporate income tax (CIT).

Adoption Rates: Vietnam has one of the highest crypto adoption rates globally, ranking fifth in 2024 according to Chainalysis. The country topped the list for two consecutive years in 2021 and 2022.

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