On June 14, 2025, the National Assembly of Vietnam passed the "Digital Technology Industry Law," which will take effect on January 1, 2026. The main policies regarding crypto assets are as follows:

• Clear asset classification: Digital assets are divided into two categories: "virtual assets" and "crypto assets," excluding financial instruments such as securities and digital fiat currencies.

• Establish regulatory details: The Vietnamese government is required to formulate specific regulations for crypto service providers by the second quarter of 2026, including licensing for cryptocurrency exchanges and wallet providers.

• Strengthen compliance measures: Transactions exceeding 50 million Vietnamese dong (approximately 2,000 USD) are mandated to implement KYC/AML compliance, establish a transaction monitoring system in the third quarter of 2026, and achieve travel rule compliance by 2027. Additionally, businesses handling digital assets must maintain a capital reserve equivalent to 20% of their operating costs.