Vietnam Passes Landmark Law Recognizing Crypto Assets
The law outlines a framework for managing digital assets and fostering blockchain innovation and will take effect on Jan. 1, 2026.
Vietnam passed the Digital Technology Industry Law, which officially recognizes digital and crypto assets.
The law categorizes digital assets into two groups: virtual assets and crypto assets, with crypto assets defined by their use of encryption in validating creation and transfers.
The law also introduces incentives for blockchain startups and digital infrastructure developers, including state subsidies, tax exemptions and more.