#VietnamCryptoPolicy
Vietnam has made significant strides in regulating its cryptocurrency market with the passage of the "Law on Digital Technology Industry". This law, approved on June 14, 2025, and effective January 1, 2026, marks a major shift in the country's approach to digital assets.
*Key Features of the Law:*
- *Recognition of Crypto Assets*: The law formally recognizes digital assets, categorizing them into two main types: virtual assets and crypto assets.
- *Regulatory Framework*: The government will establish a framework for crypto regulation, including business requirements, classifications, and oversight.
- *Anti-Money Laundering (AML) and Cybersecurity*: The law includes AML and cybersecurity rules aligned with international norms to reduce illicit finance risks.
- *Incentives for Startups*: The law introduces incentives for blockchain startups and digital infrastructure developers, including:
- *Tax Exemptions*: To support innovation and growth
- *State Subsidies*: To promote development in the sector
- *Visa Perks*: To attract and retain talent
- *Classification of Cryptocurrencies*: The law categorizes cryptocurrencies into four types¹ ² ³:
- *Security Tokens*: Encrypted securities assets
- *Payment Tokens*: Used for transactions
- *Utility Tokens*: Used for specific purposes
- *Mixed Tokens*: Combination of different token types
The new law aims to create a structured legal environment for digital assets, promoting innovation and growth while ensuring compliance with international standards.
