#VietnamCryptoPolicy

Vietnam has recently enacted legislation that clearly regulates crypto and virtual assets. The Digital Technology Industry Law classifies digital assets into two main categories: virtual assets and crypto assets. Crypto assets are digital instruments that rely on encryption and blockchain technology, while virtual assets are used for trading or investment purposes. The Vietnamese government is mandated to formulate advanced technical provisions and require the implementation of cybersecurity standards as well as Anti-Money Laundering (AML) principles. This move aims to encourage the growth of a new industry and enhance technology investment in Vietnam ¹ ².