#VietnamCryptoPolicy Vietnam has taken significant steps in the regulation of cryptocurrencies, marking a milestone in the adoption of digital assets. Starting January 1, 2026, a new law will come into effect that recognizes cryptocurrencies and requires cybersecurity measures and anti-money laundering protocols. This legislation makes Vietnam the first country in the world to enact a specific law dedicated to the digital technology industry.

Here is a summary of the policy and future of cryptocurrencies in Vietnam:

Current and Future Regulatory Framework:

Legal Recognition: Vietnam has legalized cryptocurrencies through its new Digital Technology Industry Law, which will come into effect in 2026.

No prohibition, but not legal tender: Although cryptocurrencies were not banned, they were not considered a legal means of payment nor were they protected by law as an asset in the past. However, the new law will change this by defining them and establishing a framework.

Focus on Regulation: Since 2017, Vietnam has been working to establish a legal framework for cryptocurrencies.

Testing Mechanism (Sandbox): The Ministry of Finance (MOF) has been developing a legal testing mechanism for cryptocurrencies, which will evaluate anti-money laundering (AML) protocols and Know Your Customer (KYC) measures. They also seek to test a crypto asset trading platform to experiment with exchanges and manage risks.