#VietnamCryptoPolicy The first crypto law in the world... from Vietnam and not from the West
#VietnamCryptoPolicy In a step considered the first of its kind globally, Vietnam approved on June 14, 2025, a new law named the Digital Technology Industry Law, which is set to come into effect at the beginning of the new year specifically on January 1, 2026. This law is considered an official recognition of digital currencies as it classifies them into two main categories: virtual assets and encrypted assets, thus opening the door to a clear and transparent regulation of this industry within the country. This move comes within the context of Vietnam's increasing interest in maintaining its position at the forefront of countries in terms of digital currency adoption rates, as it currently ranks fifth globally. Through this legislative framework, it aims to affirm its presence and solidify its position among the most advanced countries in modern financial technologies. The law also seeks to achieve several goals, including enhancing user protection from risks associated with fraud and financial crimes, as well as strengthening anti-money laundering mechanisms, which contributes to improving the country's image in front of international institutions and helping it exit the gray list of the Financial Action Task Force (FATF). Vietnam's ambition is not limited to regulating digital currencies; it also encompasses stimulating other promising sectors, such as artificial intelligence and semiconductor-related technologies, reflecting a clear vision toward building an integrated digital economy that positions the country as a new Asian model in the world.