Title: Vietnam Legalizes Crypto Assets Under New Digital Technology Law
Vietnam has officially passed a landmark Digital Technology Industry Law, set to take effect on January 1, 2026, recognizing and regulating crypto assets for the first time. The law defines and distinguishes between “virtual assets” and “crypto assets” like Bitcoin, Ethereum, and NFTs, providing legal clarity for trading, investing, and innovation in the sector. While cryptocurrencies still cannot be used as legal tender, this move ends Vietnam's long-standing regulatory grey zone and marks a major shift toward embracing blockchain technology.
The law grants government agencies the authority to implement licensing, cybersecurity, and anti-money laundering standards for crypto businesses. Vietnam also aims to position itself as a regional Web3 hub by 2030 through regulatory sandboxes, tax incentives, and startup support. This forward-looking approach is expected to attract significant domestic and international blockchain investment, transforming Vietnam’s role in the global crypto economy.
