#VietnamCryptoPolicy Here’s the latest update on Vietnam’s crypto‑policy landscape, based on official announcements and expert insights:
🇻🇳 New Legal Framework: Law on Digital Technology Industry
Passed June 14, 2025, this landmark law legally recognizes digital assets—explicitly defining two classes:
Virtual assets (used for exchange/investment)
Crypto assets (encrypted tokens with verifiable transaction records)
These categories exclude securities and digital fiat currencies.
Effective January 1, 2026, marking Vietnam’s transition from regulatory ambiguity to recognized asset class status .
🧾 Regulatory Measures & Licensing Roadmap
Government is expected to issue detailed service regulations by Q2 2026, covering licensing for exchanges and wallet providers .
AML/KYC & cybersecurity standards will apply to transactions over ~50 million ₫ (~US $2,000), with rollout including:
A transaction monitoring system by Q3 2026
Travel‑Rule compliance by 2027
Reserve capital requirements at ~20% of operating costs.
A regulatory sandbox pilot (in partnership with Bybit) is expected around mid‑2026, enabling controlled testing environments .
💱 Monetary Policy & Fiat On‑Ramp Restrictions
The State Bank of Vietnam (SBV) published a draft “Virtual Asset Market Management” policy on June 16, 2025:$SOL
Licenses only ~5 domestic exchanges (~17 % market share) for direct VND crypto trading
Requires 50% of assets to be frozen as reserves—a major liquidity burden
This policy triggered volatility in USDT trading, driving up OTC premiums in Ho Chi Minh City to ~8.3%.
🌐 Strategic, Economic, and Policy Context
Vietnam is among the top–5 countries globally for crypto adoption per capita, with mass P2P and OTC trading.
The law supports broader tech goals—AI, semiconductors, digital infrastructure, with tax incentives and land‑lease benefits for innovation companies.
These efforts are aligned with Vietnam’s bid to exit the FATF “grey list” by demonstrating robust AML/CTF controls.#VeitnamCryptoPolicy #Write $AMP $APT
