Vietnam has taken a monumental step towards the adoption and regulation of digital assets. The National Assembly of Vietnam approved the Digital Technology Industry Law on June 14, 2025, a legislation that not only lays the groundwork for the country's technological development but also formally recognizes cryptocurrencies. This law will come into effect on January 1, 2026.
The new regulation is a significant milestone as it explicitly recognizes and classifies digital assets into two main categories: virtual assets and cryptocurrencies, excluding securities, fiat digital currencies, and other financial instruments. This legal framework aims to foster digital innovation and provide clear oversight for the growing cryptocurrency ecosystem.
One of the crucial aspects of this law is its strong emphasis on cybersecurity and anti-money laundering (AML) measures. By establishing high standards in these areas, Vietnam seeks to align itself with global best practices and address its inclusion in the "Gray List" of the Financial Action Task Force (FATF) in 2023. This demonstrates the country's commitment to transparency and financial integrity in the realm of digital assets.
Beyond the regulation of cryptocurrencies, the Digital Technology Industry Law is a strategic bet to position Vietnam as a cutting-edge technological hub.
The legislation includes significant incentives for companies operating in key sectors such as artificial intelligence, semiconductors, and digital infrastructure. These incentives include tax benefits and favorable policies for land use and investment in research and development, creating a conducive environment for technological growth and innovation.
In summary, the approval of this law not only represents a crucial advance for the acceptance of cryptocurrencies in Vietnam but also underscores the country's ambition to become a leader in the global digital economy.
Disclaimer:
The information provided in this article is for informational and educational purposes only and should not be construed as financial, investment, legal, or tax advice. The cryptocurrency market is highly volatile and carries significant risks, including the potential total loss of capital. It is strongly recommended to conduct thorough research and seek the advice of qualified professionals before making any decisions related to investments in crypto assets or understanding regulatory frameworks. Information regarding laws and regulations may change and should be verified with official sources.