Vietnam Greenlights Crypto: A New Era for Digital Assets 🚀

Vietnam has officially embraced digital assets with the passage of the Law on Digital Technology Industry by the National Assembly on June 14, 2025. This landmark legislation, effective January 1, 2026, categorizes digital assets into virtual and crypto assets, recognizing their role in the digital economy 📊 (theinvestor.vn).

The law introduces a regulatory framework for crypto assets, including Anti-Money Laundering (AML) and cybersecurity measures 🔐, aligning with international standards. This move addresses concerns raised by the Financial Action Task Force (FATF), from which Vietnam has been on the "gray list" since 2023 ⚖️ (theinvestor.vn).

Beyond crypto, the legislation signals Vietnam's ambition to become a digital technology hub 🌐. It offers incentives such as tax breaks and support for innovation hubs to attract investments in AI, semiconductors, and digital infrastructure 💡 (vietnaminsiders.com).

This development positions Vietnam as a significant player in the global digital economy, fostering innovation and attracting international investments 🌍.