Cryptoture
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#VietnamCryptoPolicy
** Cryptocurrency Policy in Vietnam **
- **Legalization**: The Digital Technology Industry Law (June 2025) legalizes crypto assets starting January 1, 2026, classifying them as virtual assets and crypto assets, with AML and cybersecurity regulations.
- **Adoption**: Vietnam leads in adoption (17M users, $105B USD market), with high activity in remittances and international trade.
- **National Strategy**: Blockchain plan for 2025 promotes infrastructure, R&D, and 20 blockchain brands. Pilot project with Bybit tests a regulated exchange.
- **Evolution**: From bans (2017) to a progressive framework. Proposed fines for manipulation (up to $77,000 USD) and local custody requirements.
- **Risks**: Concentration in one exchange, lack of tax clarity, scams, and volatility. Estimated taxes of 0.1% could generate $800M USD annually.
- **Outlook**: Vietnam aims to be a tech hub by 2035. Regulation could stabilize the Bitcoin market, but sanctions and local requirements need attention.
**Recommendation**: Monitor implementation in 2026, comply with potential taxes, and follow the project with Bybit.
Do you need more details?
** Cryptocurrency Policy in Vietnam **
- **Legalization**: The Digital Technology Industry Law (June 2025) legalizes crypto assets starting January 1, 2026, classifying them as virtual assets and crypto assets, with AML and cybersecurity regulations.
- **Adoption**: Vietnam leads in adoption (17M users, $105B USD market), with high activity in remittances and international trade.
- **National Strategy**: Blockchain plan for 2025 promotes infrastructure, R&D, and 20 blockchain brands. Pilot project with Bybit tests a regulated exchange.
- **Evolution**: From bans (2017) to a progressive framework. Proposed fines for manipulation (up to $77,000 USD) and local custody requirements.
- **Risks**: Concentration in one exchange, lack of tax clarity, scams, and volatility. Estimated taxes of 0.1% could generate $800M USD annually.
- **Outlook**: Vietnam aims to be a tech hub by 2035. Regulation could stabilize the Bitcoin market, but sanctions and local requirements need attention.
**Recommendation**: Monitor implementation in 2026, comply with potential taxes, and follow the project with Bybit.
Do you need more details?
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