#VietnamCryptoPolicy

According to ShibDaily, Vietnam has made significant progress in cryptocurrency regulation with the enactment of a new digital assets law. This legislation officially recognizes digital assets within the national legal framework, defining them as assets that use encryption or related technologies for their creation, issuance, storage, and transfer. The law introduces two distinct categories: virtual assets and cryptoassets. Virtual assets are described as digital assets used for exchange or investment, and they are treated independently from securities, fiat-backed digital currencies, and other financial instruments already regulated by existing civil or financial regulations. Cryptoassets, on the other hand, are defined as digital assets that employ encryption technology to verify transactions and establish ownership, excluding securities and fiat-backed digital currencies.