#VietnamCryptoPolicy Vietnam has taken a significant step in regulating its digital economy by passing the Law on Digital Technology Industry, which officially recognizes and regulates digital assets. This law, effective from January 1, 2026, establishes a comprehensive framework for the country's $105 billion crypto market.

Key Features of the Law

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

- *Regulatory Framework*: The government will create frameworks for crypto regulation, including business requirements, classifications, and oversight.

- *Anti-Money Laundering (AML) and Cybersecurity*: The law mandates digital asset businesses to follow strict AML and cybersecurity practices, aligning with international norms.

Impact on the Market

- *Clarity and Certainty*: The new law provides legal clarity to a domain previously caught between innovation and regulatory ambiguity.

- *Growth of the Industry*: The law promotes sectors like AI, semiconductors, and digital infrastructure, offering incentives for technology operators.

- *Increased Oversight*: Regulatory agencies will enforce strict standards covering AML, CFT, and cybersecurity compliance for crypto firms.

Benefits for Vietnam

- *Attracting Investment*: The law signals Vietnam's ambition to become a global economy player and attract investment in emerging technologies.

- *Digital Transformation*: The law marks a significant move towards digital transformation in Vietnam, setting up a sandbox environment to test and innovate virtual asset services.

- *International Cooperation*: The law aligns with international expectations for crypto regulation, especially under FATF guideline