#VietnamCryptoPolicy #VietnamCryptoPolicy represents an important step towards regulating digital assets, including cryptocurrencies. This major development, long awaited in Vietnam's booming cryptocurrency market, has profound implications for investors, innovators, and the overall economic environment.

Summary of the new policy (#VietnamCryptoPolicy):

On June 14, 2025, the National Assembly of Vietnam approved the Digital Technology Industry Law. This law will take effect on January 1, 2026. Key points include:

Legal recognition of digital assets: This law marks the first time Vietnam officially recognizes cryptocurrencies as digital assets. The law classifies digital assets into two categories:

Virtual assets: designated for use in exchange and investment.

Cryptographic assets: ownership or verification tools that are cryptographically secured.

Clear exceptions: virtual or cryptographic assets do not include securities, digital representations of fiat currency, or other financial instruments that are already subject to existing financial laws. This clearly distinguishes cryptocurrencies from traditional financial instruments.

Regulatory goals: The law aims to provide a legal framework for digital assets, focusing on:

Cybersecurity: strengthening measures to protect digital assets.