On June 14, 2025, the National Assembly of Vietnam passed the 'Digital Technology Industry Law', which will officially take effect on January 1, 2026. This law categorizes digital assets into two main types: 'virtual assets' and 'crypto assets', clearly defining their legal boundaries and exclusions, providing a basis for regulatory agencies to formulate specific business conditions, licensing requirements, and governance models to regulate crypto-related activities.

- Anti-Money Laundering and Cybersecurity: The new legal framework includes strict anti-money laundering (AML) and counter-terrorism financing (CFT) provisions, as well as cybersecurity protocols, introducing transaction monitoring and traceability mechanisms to address international regulatory pressures and improve ratings with the Financial Action Task Force (FATF).

- Regulatory Agency Cooperation: The implementation of the new law is led by the Ministry of Science and Technology, in cooperation with the Ministry of Finance and the State Bank of Vietnam, to ensure the management of digital assets is in line with international standards.

- Innovative Regulatory Sandbox: The Vietnamese government is expected to launch an innovative regulatory sandbox for digital assets, allowing new crypto projects to test products in a controlled environment, alleviating the immediate burden of comprehensive compliance they face.

In addition, the Vietnamese government does not recognize cryptocurrencies as legal tender, and the State Bank of Vietnam also prohibits the use of cryptocurrencies as a means of payment.