#VietnamCryptoPolicy Vietnam has made a groundbreaking move in cryptocurrency regulation with the passage of the Law on Digital Technology Industry on June 14, 2025. This law, set to take effect on January 1, 2026, recognizes digital assets as "virtual assets" and "crypto assets," providing much-needed clarity for businesses and investors. Here's what's happening¹ ²:

- *Digital Asset Classification*: The law defines digital assets as products created, issued, transferred, and authenticated using blockchain technology, with clear property rights under civil law. It categorizes digital assets into two types:

- *Virtual Assets*: Digital instruments used for exchange or investment.

- *Crypto Assets*: Assets relying on encryption technologies to validate transactions and ownership.

- *Regulatory Framework*: The government will establish detailed guidelines, including:

- *Licensing Requirements*: For businesses operating in the digital asset space.

- *AML/KYC Protocols*: To combat money laundering and terrorist financing, aligning with international standards.

- *Consumer Protection Measures*: To safeguard investors and users.

- *Industry Growth*: The law aims to foster a regulated industry, attracting investment and promoting innovation in digital technology, including:

- *Artificial Intelligence (AI)*: Incentives for AI development and research.

- *Semiconductor Manufacturing*: Support for the growth of Vietnam's semiconductor industry.

- *International Alignment*: The legislation addresses concerns from the Financial Action Task Force (FATF) and aligns with global standards.

- *Impact on Vietnam*: This move positions Vietnam as a potential digital powerhouse, providing a clear regulatory environment for businesses and investors.