Crypto Fear and Greed Index:
Index Value : 68
Sentiment : Greed
BTC Price : $107,000
Vietnam has taken a significant step toward regulating cryptocurrencies with the passage of the **Law on Digital Technology Industry** on June 14, 2025, effective January 1, 2026. This law legally recognizes digital assets, classifying them into virtual and crypto assets, excluding securities and digital fiat currencies. It aims to create a structured framework for Vietnam’s crypto market, which ranks 5th globally in adoption according to the 2024 Global Crypto Adoption Index. The move addresses the previous "gray zone" status of crypto and aligns with international standards, particularly to meet Financial Action Task Force (FATF) requirements, as Vietnam seeks removal from the FATF gray list.
The law mandates robust cybersecurity and anti-money laundering measures to prevent illegal activities, responding to recent scams like the BitMiner fraud (4 billion VND) and the "Million Smiles" scam (30 billion VND). Crypto exchanges will likely need licenses, minimum capital, and local offices, with fines for unlicensed operators. These measures aim to enhance market integrity and protect users while fostering a stable environment for investment.
Detailed regulations are expected before 2026, clarifying licensing, capital standards, and tax implications. This law is part of Vietnam’s broader digital technology strategy, offering incentives for sectors like AI and semiconductors. While uncertainties remain, the legislation signals a shift toward a regulated, secure crypto market, potentially attracting institutional investment and boosting economic growth.
