#VietnamCryptoPolicy Vietnam has made significant strides in crypto regulation with the passage of the "Digital Technology Industry Law" on June 14, 2025. This law establishes a clear regulatory framework for crypto assets, recognizing them as property under civil law. Here are the key aspects ¹ ² ³:
- *Crypto Asset Classification*: Digital assets are categorized into two main types:
- *Virtual Assets*: Digital tokens used primarily for exchange or investment purposes.
- *Crypto Assets*: Blockchain-based tokens utilizing encryption technology.
- *Regulatory Oversight*: The government will issue licenses, set operational standards, and implement robust compliance measures for entities operating in the digital asset space.
- *Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF)*: The law incorporates stringent requirements to prevent money laundering and terrorism financing, aligning with international best practices.
- *Incentives for Startups*: Tax breaks, land-use incentives, and research and development support will be provided to encourage growth in adjacent sectors like artificial intelligence, semiconductor manufacturing, and digital infrastructure development.
- *Effective Date*: The law will take effect on January 1, 2026, marking a pivotal shift in Vietnam's approach to digital finance.
The new law aims to ³ ⁴:
- *Strengthen Vietnam's Crypto Adoption*: By establishing a structured legal environment, Vietnam can attract more investment and position itself as a serious contender in the digital economy.
- *Improve International Standing*: The law may improve Vietnam's standing with global financial watchdogs, potentially removing it from the Financial Action Task Force (FATF) grey list.
- *Enhance Investor Protection*: The framework empowers authorities to significantly reduce the risk of fraudulent schemes and enhance investor protection.