#VietnamCryptoPolicy

VIETNAM APPROVES BROAD DIGITAL TECHNOLOGY LAW THAT LEGALIZES CRYPTO ASSETS..

The National Assembly of Vietnam approved the Digital Technology Industry Law on June 14, placing digital assets under regulatory supervision.

The legislation, which will come into effect on January 1, 2026, recognizes crypto assets and lays the groundwork for broader digital innovation across the country, according to reports from local media.

The law classifies digital assets into two categories: virtual assets and crypto assets. While both are based on encryption or digital technologies for their validation and transfer, neither includes securities, digital fiat currencies, or other financial instruments.

The government now has the task of outlining specific business conditions, classifications, and oversight mechanisms for these types of assets.

The law also requires cybersecurity measures and anti-money laundering prevention, aligned with international standards, an initiative likely aimed at addressing concerns from the Financial Action Task Force (FATF). Vietnam has been on the FATF's gray list since 2023.