#VietnamCryptoPolicy Vietnam Legalizes Cryptocurrencies: A New Digital Horizon
Vietnam has made a significant milestone in its cryptocurrency policy with the approval of a new Digital Technology Industry Law on June 14, 2025. This groundbreaking legislation officially legalizes crypto assets, classifying them as "virtual assets" or "crypto assets." This law, which will come into effect on January 1, 2026, is expected to end the previous regulatory ambiguity, where the State Bank of Vietnam had considered cryptocurrencies illegal for payments.
The main objective of this new regulation is to establish a comprehensive regulatory framework that promotes innovation while ensuring security. This involves implementing strict measures for cybersecurity, anti-money laundering, and counter-terrorism financing, crucial considerations given that Vietnam has been on the FATF gray list since 2023. The law categorizes digital assets into two distinct classes, with more specific regulations to be detailed in the coming months.
Additionally, the legislation emphasizes the importance of artificial intelligence (AI) and blockchain technology as pillars for advancing the country's digital economy. Despite previous regulatory uncertainty, Vietnam has maintained one of the highest cryptocurrency adoption rates globally. This new legal framework acknowledges this reality and seeks to provide a clear and secure environment for the growing community of cryptocurrency users in the country, laying the groundwork for future innovations in the sector.
