🚀 VIETNAM LEGALIZES DIGITAL ASSETS WITH A HISTORIC LAW!

On June 14, Vietnam passed the Digital Technology Industry Law, the first comprehensive regulation dedicated to digital assets, which will come into effect on January 1, 2026.

🔹 Legal Recognition:

- Classifies assets into virtual (e.g., non-financial tokens) and crypto assets (e.g., Bitcoin, ETH), excluding securities, CBDCs, or stablecoins.

- 17 million Vietnamese people (17% of the population) already own crypto, with a $100 billion market.

🔹 Key Incentives:

- Tax exemptions, state subsidies, and immigration benefits for blockchain, AI, and semiconductor startups.

- Digital Education: Integration of tech skills into national education and specialized training.

🔹 Security and Adoption:

- Anti-fraud and AML measures aligned with global standards are key to getting off the FATF's "gray list."

- Vietnam is the 5th country in global crypto adoption (Chainalysis 2024).

- Crypto remittances exceeded $16 billion in 2024.

💡 Impact: Positions Vietnam as a regional technology hub, attracting institutional investment and boosting local projects such as 1Matrix (Vietnam's first Layer-1 blockchain).

#VietnamCryptoPolicy #Blockchain #InstitutionalAdoption #CryptoAsia