Vietnam: “Silicon Valley by the Sea” Embraces Crypto Regulation
Vietnam, often dubbed “Silicon Valley by the Sea,” made history in June 2025 by passing the Law on Digital Technology Industry, granting full legal status to crypto assets. Effective January 1, 2026, the law distinguishes between virtual assets (like gaming tokens) and crypto assets (such as Bitcoin and Ethereum), while excluding securities, stablecoins, and CBDCs. The government will set licensing, compliance, AML, and cybersecurity standards—aiming to align with global norms and boost investor confidence.
To cement its place as a regional tech powerhouse, Vietnam is offering tax breaks, subsidies, and other incentives to blockchain startups and digital innovators. Regulatory sandboxes will allow crypto trading and compliance pilots, and cryptocurrencies will be taxed as investment assets. This forward-looking legislation strengthens Vietnam’s position as a leading APAC tech hub, balancing robust oversight with a clear invitation for innovation and investment.
