#VietnamCryptoPolicy

Vietnam passed a law officially recognizing digital and crypto assets, taking a decisive step toward regulating and promoting the cryptocurrency economy.

The Digital Technology Industry Law was passed on June 14 and takes effect Jan. 1, 2026. It outlines a broad framework for managing digital assets and fostering blockchain innovation, according to local media.

The legislation categorizes digital assets into two groups: virtual assets and crypto assets. While both fall outside traditional financial definitions such as securities or central bank digital currencies, crypto assets are categorized by their use of encryption in validating creation and transfers.

Alongside its regulatory function, the law introduces a host of incentives targeting blockchain startups and digital infrastructure developers. These include state subsidies, tax exemptions, and visa perks.