#VietnamCryptoPolicy Vietnam's cryptocurrency policy has undergone significant developments, aiming to balance innovation with regulatory oversight. Here are the key aspects ¹:

- *Legal Recognition*: The Law on Digital Technology Industry, effective January 1, 2026, recognizes crypto assets and establishes a regulatory framework. This law categorizes digital assets into "virtual assets" and "crypto assets," excluding traditional securities and digital fiat currencies.

- *Regulatory Framework*: The government will develop detailed implementation guidelines, including licensing requirements, compliance protocols, consumer protection measures, and robust Anti-Money Laundering (AML) measures.

- *Pilot Cryptocurrency Exchange*: A licensed pilot for crypto trading platforms is expected to launch in 2025, with a controlled sandbox set for mid-2026 in select financial centers like Ho Chi Minh City and Da Nang.

- *Taxation*: Experts propose implementing a small transaction tax (e.g., 0.1%) plus capital gains and corporate taxes, along with exchange licensing fees.

- *Investor Protection*: The government focuses on investor protection, AML efforts, and preventing financial crimes, while also promoting innovation and blockchain expansion.

*What's Ahead:*

- *Legal Framework*: Expected to be established by mid-2025, defining regulatory scope and oversight mechanisms.

- *Sandbox Pilot*: Launching in 2025-26 under state-authorized platforms to foster innovation while ensuring oversight.

- *Tax Rules & Licensing*: Likely formalized alongside regulations to secure public revenue and oversight.

Vietnam's proactive approach aims to create a balanced regulatory environment that fosters innovation while mitigating risks, potentially positioning the country as a regional hub for blockchain technology