Pioneering Legal Framework
On June 14, 2025, the National Assembly of Vietnam approved the Digital Technology Industry Law, which will officially recognize digital assets and cryptocurrencies starting January 1, 2026.
Two categories are introduced: virtual assets (non-financial tokens, such as those from video games or rewards) and crypto assets (encrypted assets like BTC, ETH, NFTs).
Securities, stablecoins linked to fiat, and CBDCs are excluded from the framework, leaving clear space for future specific regulations.
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🛡️ Regulatory Approach and Risk Mitigation
A licensing regime is established for exchanges, custodians, and issuers, along with robust KYC, AML/CFT, and cybersecurity standards, aligned with international FATF standards.
The law responds to Vietnam's inclusion in the FATF's “grey list” since 2023, aiming to improve oversight and attract institutional capital.
