#VietnamCryptoPolicy

Vietnam has recently made significant strides in cryptocurrency regulation. Here's what you need to know:

*Key Developments:*

- *Legalization of Crypto Assets*: Vietnam's National Assembly passed the Law on Digital Technology Industry on June 14, 2025, which legalizes crypto assets and sets to take effect on January 1, 2026.

- *Classification of Digital Assets*: The law categorizes digital assets into two types: virtual assets and crypto assets, excluding securities and digital fiat currencies.

- *Regulatory Standards*: The legislation introduces stronger cybersecurity and Anti-Money Laundering (AML) measures, aligning with international norms and the Financial Action Task Force (FATF) guidelines.

- *Incentives for Tech Development*: The law offers incentives like tax breaks, land-use benefits, and R&D support for enterprises working on AI, semiconductors, and digital infrastructure.

*Current Regulatory Landscape:*

- *Use of Crypto for Payments*: Using cryptocurrency as a payment method is currently prohibited in Vietnam.

- *Ownership and Trading*: Owning and trading cryptocurrency is not illegal, but it exists in a legal gray area due to the lack of clear regulations.

- *Taxation*: Taxation of cryptocurrency is ambiguous, with some guidance suggesting it's subject to value-added tax (VAT) and corporate income tax (CIT).

*Future Outlook:*

- *Clear Regulations*: The Vietnamese government aims to introduce a legal framework for cryptocurrency regulations, which may include licensing requirements, taxation policies, and AML measures.

- *Global Digital Tech Hub*: Vietnam aspires to become a global digital tech hub, with the new law providing incentives for tech development and talent growth.