#VietnamCryptoPolicy second report from COINDESK stating:
Vietnam approves reference law recognizing crypto assets
The law outlines a framework for managing digital assets and promoting blockchain innovation and will come into effect on January 1, 2026.
What to know:
Vietnam has approved the Digital Technology Industry Law, which officially recognizes digital and crypto assets.
The law categorizes digital assets into two groups: virtual assets and crypto assets, with crypto assets defined by the use of cryptography in the validation of creation and transfers.
The law also introduces incentives for blockchain startups and digital infrastructure developers, including state subsidies, tax exemptions, and much more.
Vietnam has approved a law officially recognizing digital and crypto assets, taking a decisive step to regulate and promote the cryptocurrency economy.
The Digital Technology Industry Law was approved on June 14 and will take effect on January 1, 2026. It outlines a comprehensive framework for managing digital assets and promoting blockchain innovation, according to local media.
