Vietnam has officially recognized bitcoin and other cryptocurrencies as digital assets under the adopted Digital Technology Law. The law, approved by the National Assembly of Vietnam on June 14, 2025, will take effect on January 1, 2026. It classifies digital assets into two types: virtual assets and crypto assets, with bitcoin and other cryptocurrencies falling under the category of crypto assets that utilize encryption and blockchain technologies.

However, it is worth noting that cryptocurrencies are not recognized as legal tender in Vietnam, and their use for the payment of goods and services remains prohibited. The law aims to regulate crypto assets, ensure compliance with international standards for combating money laundering, and support the development of the digital economy, including blockchain and artificial intelligence.

This is a step forward in creating a legal framework for cryptocurrencies, but complete regulatory clarity is expected later, as the government must develop specific conditions and oversight mechanisms.