#VietnamCryptoPolicy 🇻🇳 Historic Crypto Law Passed
Vietnam’s National Assembly approved the Law on Digital Technology Industry on June 14, 2025, marking a watershed moment in Southeast Asia’s digital asset regulation .
The law officially recognizes crypto assets and virtual assets, effective January 1, 2026 .
It distinguishes:
1. Virtual assets – e.g., gaming tokens, loyalty points.
2. Crypto assets – such as Bitcoin, Ethereum, validated via encryption and blockchain.
Both exclude fiat-backed currencies, securities, or CBDCs .
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🏛️ Regulatory Framework & Protections
Rules will define licensing (for exchanges, wallets, issuers) and set AML/KYC protocols aligned with FATF standards, aiming to remove Vietnam from the FATF “gray list” .
The law mandates robust cybersecurity, consumer protection, and anti‑money laundering measures .
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🚀 Broader Digital Tech Push
The legislation is part of a broader strategy to foster Vietnam as a digital innovation hub, offering incentives like:
Tax breaks, land-use perks, and R&D support for firms in AI, semiconductors, Web3 infrastructure, and chip design .
Workforce development, including regional training subsidies and integration of digital tech education at all levels .
Officials envision Vietnam as a regional Web3 and blockchain hub, with sandbox pilots (e.g. in Ho Chi Minh City, Da Nang) and funding for 20 local blockchain brands and three test centers by 2030 .
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✅ Why It Matters
Provides legal clarity for businesses and users operating in crypto.
Enhances compliance with global regulatory bodies, boosting investor confidence.
Supports domestic innovation, aligning with national goals for tech growth and global integration.
Establishes a sandbox framework, enabling controlled and monitored crypto activity in key cities .
