Vietnam's crypto policy has taken a significant leap forward with the passage of the Law on Digital Technology Industry on June 14, 2025. This law recognizes crypto assets and establishes a regulatory framework, effective January 1, 2026. Key aspects include ¹ ²:
- *Classification of Digital Assets*: The law categorizes digital assets into "virtual assets" and "crypto assets", excluding securities and digital fiat currencies.
- *Regulatory Framework*: The government will develop guidelines for licensing, compliance, and consumer protection, aligning with international anti-money laundering standards.
- *Incentives for Innovation*: The law offers tax breaks, land-use benefits, and R&D support for enterprises working on AI, semiconductors, and digital infrastructure.
- *Investor Protection*: The framework aims to boost investor confidence and curb illicit activities, potentially positioning Vietnam as a regional crypto hub.
