#VietnamCryptoPolicy The law classifies digital assets into two categories: virtual assets and crypto assets. While both rely on encryption or digital technologies for validation and transfer, neither includes securities, digital fiat currencies or other financial instruments.

The government is now tasked with outlining specific business conditions, classifications, and oversight mechanisms for these asset types.

The law also mandates cybersecurity and Anti-Money Laundering safeguards aligned with international norms, an effort likely aimed at addressing the Financial Action Task Force’s (FATF) concerns. Vietnam has been on the FATF “gray list” since 2023.