#VietnamCryptoPolicy Vietnam is transforming its approach to cryptocurrencies with a legal framework expected to be ready by May 2025. The Digital Technology Industry Law, approved on June 14, 2025, will legalize crypto assets starting January 2026, categorizing them into virtual assets and crypto assets, excluding securities and digital fiat currencies. The government, led by the Ministry of Finance and the State Bank, plans to launch a pilot state cryptocurrency exchange by July 2026, promoting regulated and secure trading. This initiative responds to the high adoption of cryptocurrencies in Vietnam, with 21% of the population holding digital assets and flows of $120 billion in 2023. The new regulations aim to prevent money laundering and fraud, such as the $100 million in scams reported in 2024, while fostering blockchain innovation. Penalties of up to 2 billion VND for market manipulation and a 0.1% transaction tax are proposed, which could generate $800 million annually. Vietnam aspires to be a regional technology hub, integrating blockchain with incentives for AI and semiconductors.