#VietnamCryptoPolicy #VietnamCryptoPolicy Vietnam Approves Law Recognizing Cryptocurrencies

On June 14, 2025, the National Assembly of Vietnam approved the Digital Technology Industry Law, a milestone in the adoption of cryptocurrencies that will come into effect on January 1, 2026. This legislation recognizes digital assets, classifying them into virtual assets and cryptocurrencies, excluding securities and digital fiat currencies. The law seeks to foster digital innovation, positioning Vietnam as a technological hub in Asia, while establishing a legal framework to supervise the use and transfer of these assets.

The regulations require strict cybersecurity and anti-money laundering (AML) measures, aligned with international standards, in response to Vietnam's inclusion in the FATF's "Gray List" in 2023. This implies greater scrutiny to ensure security and transparency in crypto operations.

The government must now define permitted commercial activities and levels of supervision, with a regulatory "sandbox" for exchanges starting in 2026.

Beyond cryptocurrencies, the law promotes technological development with incentives for sectors such as artificial intelligence, semiconductors, and data centers, including tax benefits and research support. This ambitious initiative reflects Vietnam's commitment to balancing innovation and regulation, combating fraud such as the recent $100 million case, while attracting foreign investment. However, the challenge will be to implement regulations that do not hinder the dynamism of the crypto market, keeping Vietnam as a regional leader in blockchain technology.