#MetaplanetBTCPurchase
Vietnam has recently made significant strides in cryptocurrency regulation. Here's what's happening:
Key Developments
- *New Digital Technology Law*: Vietnam's National Assembly approved the Law on Digital Technology Industry on June 14, 2025, which brings digital assets under regulatory oversight. This law recognizes crypto assets and outlines incentives for AI, semiconductors, and infrastructure development.
- *Regulatory Framework*: The government is tasked with outlining specific business conditions, classifications, and oversight mechanisms for digital assets. This includes implementing cybersecurity and Anti-Money Laundering (AML) safeguards aligned with international norms.¹
Crypto Adoption in Vietnam
- *High Adoption Rate*: Vietnam has consistently ranked high in Chainalysis' global crypto adoption index, with approximately 17% of the population owning or using cryptocurrencies.
- *Reasons for Adoption*: Vietnamese citizens use crypto to access banking services, invest, speculate, and transfer remittances. The lack of faith in the fiat currency, accessibility, and untaxed crypto holdings also contribute to its popularity.²
