On June 14, 2023, the National Assembly of Vietnam passed the "Digital Technology Industry Law," which will come into effect on January 1, 2026. This law categorizes digital assets into two types: virtual assets and cryptocurrency assets, requiring the government to formulate specific business conditions, classifications, and regulatory mechanisms for them, while also stipulating cybersecurity and anti-money laundering safeguards.
Overall, Vietnam's cryptocurrency policy is shifting from a regulatory gray area towards controlled experimentation and gradual normalization, aiming to balance the development of the cryptocurrency market with risk prevention.