📌Vietnam legalizes cryptocurrencies with a new digital technology law
Vietnam has passed a digital technology law that legalizes crypto assets and establishes incentives for artificial intelligence, semiconductors, and infrastructure.
According to local media reports, the legislation, which will take effect on January 1, 2026, recognizes crypto assets and lays the groundwork for broader digital innovation across the country.
The law classifies digital assets into two categories: virtual assets and crypto assets. Although both are based on encryption or digital technologies for validation and transfer, neither includes securities, digital fiat currencies, or other financial instruments.
The Government is now tasked with defining specific trading conditions, classifications, and oversight mechanisms for these types of assets.
The law also requires cybersecurity and anti-money laundering measures in line with international standards, in an effort likely aimed at addressing concerns from the Financial Action Task Force (FATF). Vietnam has been on the FATF's "gray list" since 2023.😱👍🚀🚀🚀✅✅