#VietnamCryptoPolicy Vietnam Takes a Historic Step: Cryptocurrencies Will Be Legally Recognized by 2026

Hanoi, Vietnam - June 16, 2025 - In a move that could redefine the landscape of digital assets in Southeast Asia, the National Assembly of Vietnam has approved a historic "Digital Technology Industry Law" that, for the first time, legally recognizes and formally acknowledges crypto assets in the country. The news has sparked intense debate and anticipation on social media under the hashtag #VietnamCryptoPolicy.

The legislation, which will come into effect on January 1, 2026, establishes a clear regulatory framework for digital assets, classifying them into two main categories: "virtual assets" (likely non-financial tokens or digital assets linked to gaming and rewards platforms) and "crypto assets" (referring to currencies based on blockchain technology such as Bitcoin and Ethereum, and possibly NFTs). This distinction is crucial and lays the groundwork for future specific regulations.

While the law does not legalize the use of cryptocurrencies as a means of payment, which remains prohibited, its official recognition is a monumental step. Vietnam has long been a center of high cryptocurrency adoption, ranking fifth globally in the Chainalysis Global Crypto Adoption Index in 2024, with more than 17 million users and an estimated $1.2 billion in profits in 2023. The lack of a legal framework had created a considerable informal economy and exposed investors to significant risks.

The new framework aims to balance innovation with investor protection and seeks to position Vietnam as a regional leader in fintech regulation. In addition to cryptocurrencies, the law encompasses incentives for artificial intelligence (AI), semiconductors, and digital infrastructure, suggesting a broader strategy for Vietnam to become a technology powerhouse.