Vietnam is marking a significant milestone in its cryptocurrency policy with the recent approval of the Digital Technology Industry Law, which will come into effect on January 1, 2026. Although the use of cryptocurrencies as a means of payment remains illegal, the new legislation legalizes the possession and trading of crypto assets, classifying them as "virtual assets" and "crypto assets".

This law aims to end a long period of regulatory ambiguity, establishing a framework for exchange licenses, AML (Anti-Money Laundering) safeguards, and tax rules. Vietnam, with high rates of cryptocurrency adoption despite uncertainty, aims to become a regional hub for blockchain innovation, attracting investments and fostering its digital economy.