#VietnamCryptoPolicy VIETNAM CRYPTO POLICY

#VietnamCryptoPolicy Vietnam has made significant strides in cryptocurrency regulation with the passage of the Law on Digital Technology Industry on June 14, 2025. This landmark legislation marks Vietnam as the first country to enact comprehensive standalone legislation for the digital technology sector, providing a clear regulatory framework for crypto assets.

*Key Aspects of Vietnam's Crypto Policy:*

- *Definition and Classification*: The law defines crypto assets as digital assets using encryption or similar digital technologies for validation during creation, issuance, storage, or transfer. It establishes a two-tier classification system, distinguishing between "virtual assets" and "crypto assets," excluding securities and fiat currencies.

- *Regulatory Oversight*: The government will oversee the law, defining asset classifications, business conditions, and compliance frameworks. Regulatory bodies must implement cybersecurity measures to prevent money laundering, terrorism financing, and weapons proliferation.

- *Incentives for Digital Technology*: The law provides extensive incentives for digital technology enterprises and innovation programs, promoting blockchain and artificial intelligence integration.

- *Implementation Timeline*: The law takes effect on January 1, 2026, allowing businesses and regulators a transition period to prepare operational frameworks.

- *Anti-Money Laundering (AML) Compliance*: Vietnam aims to address its placement on the Financial Action Task Force (FATF) gray list by implementing AML standards aligned with international norms.¹ ² ³

*Impact and Outlook:*

- *Increased Transparency and Order*: The law paves the way for greater transparency and order in the rapidly expanding crypto world.

- *New Business Opportunities*: The legislation signals stronger legal clarity and opens doors for new business opportunities in the market.

- *Digital Economy Growth*: Vietnam's commitment to digital transformation and innovation is expected to drive growth in the digital economy.⁴ ⁵