#VietnamCryptoPolicy

🔊Vietnam approves law to classify and regulate cryptocurrencies.👀📲💲

The Asian country officially recognizes crypto assets as a legal category and launches incentives for AI and semiconductors. This law will serve as a basis for future frameworks that will delve into specifications.

The National Assembly of Vietnam approved a new law, which recognizes and regulates digital assets at the local level, marking a key point in the country's technological strategy.

The new “Digital Technology Industry Law” will come into effect on January 1, 2026. According to local media, the legislation defines a specific legal framework for digital assets, laying the groundwork to boost digital innovation at the national level.

A notable aspect of this new law is that it divides digital assets into two classifications: “virtual assets” and “crypto assets.” Although both share characteristics based on digital technologies and encryption, financial securities, digital currencies from central banks, and other traditional financial instruments are not included in these categories.

The Vietnamese government will now have to define the specific business conditions for each category and establish tailored oversight mechanisms.