#VietnamCryptoPolicy

Vietnam has made a significant move in the crypto space by passing the Law on Digital Technology Industry, which legalizes cryptocurrency and establishes a regulatory framework for digital innovation. This law, effective January 1, 2026, categorizes digital assets into two main types:

Virtual Assets: Digital representations of value without intrinsic utility, such as tokens for gaming or loyalty programs.

Crypto Assets: Digital instruments relying on encryption and blockchain technologies for creation, issuance, storage, and transfer.

The law also introduces:

Anti-Money Laundering (AML) and Anti-Terrorism Standards: Rigorous standards to prevent illicit activities.

Clear Regulatory Oversight: Cryptocurrency transactions will operate under clear regulatory guidelines.

Incentives for Tech Development: The law offers incentives for AI, semiconductors, and digital infrastructure, aiming to boost Vietnam's role in the global tech supply chain.

This landmark legislation positions Vietnam as a potential leader in blockchain, artificial intelligence, and semiconductor technology, and is expected to spark a digital revolution in the country by 2026.