#VietnamCryptoPolicy Vietnam's cryptocurrency policy has been evolving rapidly. Here's a breakdown of the current state¹ ² ³:

- *Regulatory Framework*: Vietnam has taken a significant step by passing the Law on Digital Technology Industry, which grants full legal recognition to crypto assets and establishes a clear regulatory framework. This law, effective January 1, 2026, classifies digital assets into two categories: virtual assets and crypto assets.

- *Government Stance*: The government is cautious about cryptocurrency use for payments, prohibiting it to maintain financial stability. However, owning and trading cryptocurrency on exchanges is allowed, albeit in a gray area.

- * digital currency is subject to value-added tax (VAT) and corporate income tax (CIT).

- *Anti-Money Laundering (AML)*: Vietnam has implemented AML regulations, requiring exchanges to collect and verify identities, .

- *Future Outlook*: The new law aims to address ownership, AML measures, taxation policies, and licensing requirements for crypto operations. This move is expected to boost market confidence, attract institutional investors, and position Vietnam as a leader in blockchain innovation.

*Key Developments:*

- *Classification of Digital Assets*: The new law distinguishes between virtual assets (non-financial tokens, loyalty points, or gaming-related digital goods) and crypto assets (assets based on cryptographic and distributed ledger technologies like Bitcoin and Ethereum).

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- *Cybersecurity and AML*: The law emphasizes cybersecurity processes and AML standards aligned with international best practices.

- *Education and Workforce Development*: The law mandates significant investments in digital education and workforce training, with a focus on developing a digitally literate workforce.

Overall, Vietnam's cryptocurrency policy is moving towards clarity and regulation, with a focus on consumer protection, AML, and innovation. This shift is expected to attract institutional investment and position the country as a hub for digital technology and blockchain innovation