#VietnamCryptoPolicy Vietnam has taken a significant step in cryptocurrency regulation 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. Virtual assets are digital instruments used for exchange or investment, excluding securities and financial instruments, while crypto assets rely on encryption technology to validate transactions and ownership.

The Vietnamese government will develop guidelines, including licensing requirements, compliance protocols, and consumer protection measures, aligned with international best practices. The law also emphasizes cybersecurity and Anti-Money Laundering safeguards to meet global standards, addressing Vietnam's placement on the Financial Action Task Force's gray list in 2023.

This legislation positions Vietnam as a potential leader in blockchain innovation and digital asset adoption in Southeast Asia. The country aims to become a comprehensive digital technology hub, offering incentives for technology companies, including tax breaks and research subsidies, particularly in chip design and AI data centers. Vietnam's crypto adoption remains high, ranking fifth globally in 2024. The new law is expected to boost market confidence and attract institutional investors.