#VietnamCryptoPolicy Vietnam's crypto policy has undergone significant changes recently. The country has passed a landmark law, the Law on Digital Technology Industry, which recognizes and regulates cryptocurrencies. This law is a major step forward in providing clarity and legitimacy to the crypto industry in Vietnam.

*Key Aspects of the Law:*

- *Definition of Digital Assets*: The law defines digital assets as virtual assets and crypto assets, excluding securities, digital fiat currencies, and other financial instruments.

- *Regulatory Framework*: The government will specify business conditions, classifications, and oversight mechanisms for digital assets.

- *Anti-Money Laundering (AML) and Cybersecurity*: The law requires strict AML and cybersecurity measures aligned with international norms.

- *Incentives for Tech Companies*: The law offers tax breaks, land-use benefits, and R&D support for companies working on AI, semiconductors, and digital infrastructure.¹ ²

*Impact on the Industry:*

- *Increased Legitimacy*: The law provides clarity and legitimacy to the crypto industry in Vietnam, which could attract more investment and innovation.

- *Consumer Protection*: The law includes provisions for consumer protection, which could help prevent scams and fraudulent activities.

- *Growth of the Digital Economy*: The law aims to promote the growth of the digital economy in Vietnam, with a focus on emerging technologies like AI and semiconductors.

*Timeline:*

- *January 1, 2026*: The law will take effect, providing a clear regulatory framework for the crypto industry in Vietnam.³