The Vietnamese National Assembly approved the Digital Technology Industry Law on June 14, placing digital assets under regulatory oversight.

This legislation, set to take effect on January 1, 2026, recognizes cryptocurrencies and paves the way for broader digital innovation across the country, according to reports from local media.

The law classifies digital assets into two categories: virtual assets and cryptocurrencies. While both rely on encryption or digital technologies for verification and transfer, neither includes securities, fiat currencies, or other financial instruments.

The government is now tasked with defining the terms of operation, classifications, and specific oversight mechanisms for these types of assets.

The law also mandates cybersecurity guarantees and anti-money laundering measures in line with international standards, an effort likely aimed at addressing concerns from the Financial Action Task Force (FATF).(Source)