Vietnam Passes Landmark Law Fully Legalizing Bitcoin and Crypto Assets**
Vietnam has taken a decisive step forward, formally passing legislation to legalize Bitcoin and cryptocurrency assets. As reported by Crypto Times, the new law, approved by the National Assembly, explicitly recognizes cryptocurrencies as a form of property with legitimate value, granting them a clear legal status within the country.
This transformative law establishes a licensing framework for cryptocurrency service providers and mandates compliance with stringent anti-money laundering (AML) regulations. It provides much-needed legal certainty for users and businesses operating in Vietnam's already vibrant crypto space, which has consistently ranked high globally in grassroots adoption metrics.
Set to take effect in July 2026, this legalization marks a significant evolution from previous guidance and signals Vietnam's commitment to embracing digital assets within its regulated financial ecosystem. It aims to foster innovation while protecting investors and promoting responsible growth.
At Binance, we welcome regulatory clarity that supports the safe and sustainable development of the crypto industry. We are committed to working constructively with regulators globally and serving users compliantly as frameworks evolve. Vietnam's move underscores the growing global recognition of digital assets.
What impact do you think clear legalization will have on crypto adoption and use cases in Vietnam's economy?
