#VietnamCryptoPolicy

Vietnam has taken significant steps in regulating its rapidly growing digital economy by officially legalizing crypto assets through the Law on Digital Technology Industry. This law, approved on June 14, 2025, and effective from January 1, 2026, defines and classifies digital assets into two categories ¹:

- *Virtual Assets*: Digital tools used for exchange or investment, excluding securities and digital versions of fiat currencies.

- *Crypto Assets*: Encrypted digital units that use blockchain technology to confirm ownership and process transactions, primarily referring to cryptocurrencies such as Bitcoin and Ethereum.

This law aims to

- *Regulatory Clarity*: Provide clear rules for digital asset activities, ensuring compliance with international standards.

- *Investor Protection*: Enhance investor confidence by implementing standards on cybersecurity, anti-money laundering, and counter-terrorism financing.

- *Industry Growth*: Encourage innovation in semiconductors, AI systems, and digital infrastructure through tax incentives, land use benefits, and R&D funding.

Key implications include