#VietnamCryptoPolicy **Vietnam Legalizes Crypto Assets in Landmark Law Effective 2026** 🇻🇳

Vietnam’s National Assembly passed the **Law on Digital Technology Industry** on June 14, 2025, becoming the first country to enact standalone legislation for the digital tech sector . Effective January 1, 2026, the law:

- **Classifies crypto assets** into *virtual assets* (e.g., gaming tokens) and *crypto assets* (e.g., Bitcoin, NFTs), excluding securities and CBDCs .

- **Incentivizes tech innovation** with tax breaks, land-use benefits, and R&D subsidies for AI, semiconductors, and blockchain startups .

- **Strengthens safeguards** by mandating FATF-aligned AML/CFT protocols to combat fraud (e.g., $400M MTC scam) and lift Vietnam off FATF’s grey list .

With **17M crypto users** (top 5 globally), Vietnam aims to be a regional Web3 hub, attracting offshore investment and piloting state digital infrastructure .

👉 *Key impact:* Clear rules boost institutional confidence while curbing scams through regulated oversight.