#VietnamCryptoPolicy Vietnam Legalizes Cryptoassets with New Digital Technology Law, Boosting Innovation

Hanoi, June 16, 2025 – The National Assembly of Vietnam has approved a historic Digital Technology Industry Law, which legalizes cryptoassets and establishes a regulatory framework for them. The legislation, which will come into effect on January 1, 2026, aims to provide clarity and promote innovation in the country's digital assets sector.

This new law classifies digital assets into two categories: virtual assets and cryptoassets, and lays the groundwork for a licensing regime for exchanges, anti-money laundering (AML) measures, and tailored tax policies. The initiative positions Vietnam as a regulated cryptoasset market in Southeast Asia, putting an end to years of legal uncertainty.

Although Vietnam has historically been a leader in cryptocurrency adoption globally, its regulatory framework had been ambiguous. The new law seeks to address concerns raised by international bodies such as the Financial Action Task Force (FATF), while encouraging investment and the development of technologies such as artificial intelligence (AI) and blockchain infrastructure. This strategic move underscores Vietnam's ambition to establish itself as a technological and digital hub in the region.