Vietnam has made a significant move in the crypto space by passing the Law on Digital Technology Industry, which recognizes and regulates crypto assets. This law, approved on June 14, 2025, and set to take effect on January 1, 2026, categorizes digital assets into virtual assets and crypto assets, providing a clear framework for businesses and investors.
*Key Points:*
- *Regulatory Oversight*: The law brings digital assets under regulatory oversight, ensuring cybersecurity and Anti-Money Laundering (AML) safeguards aligned with international norms.
- *Incentives for Tech Development*: The legislation introduces incentives for enterprises working in AI, semiconductors, and digital infrastructure, including tax breaks, land-use benefits, and R&D support.
- *Education and Workforce Development*: Regional governments will support workforce development through subsidies and training programs, integrating digital tech skills into national curricula.
- *Global Tech Role*: Vietnam aims to become a digital tech hub, attracting investments and fostering innovation in the sector ¹ ².
This move positions Vietnam as a leader in blockchain innovation and digital asset adoption, potentially inspiring neighboring countries to follow suit. The law also underscores Vietnam's commitment to creating a secure and legitimate digital asset ecosystem, addressing concerns related to financial stability and security ³.#VietnamCryptoPolicy