On June 14, 2025, Vietnam’s National Assembly approved the Law on Digital Technology Industry, which will come into effect on January 1, 2026. This law legally recognizes cryptocurrency assets, classifying digital assets into virtual assets and crypto assets, both of which are validated through encryption or digital technologies, excluding securities and digital fiat currencies.
The law empowers the Vietnamese government to formulate specific regulations for crypto – related activities, including setting business conditions, licensing requirements, and governance models for cryptocurrency exchanges, wallet providers, and token issuers. It also mandates strict cyber – security safeguards and anti – money – laundering protocols in line with international standards, aiming to address the concerns of the Financial Action Task Force (FATF) and help Vietnam get off the “gray list”.
Vietnam has a vibrant crypto community, ranking fifth globally in the 2024 Crypto Adoption Index by Chainalysis. The legalization of crypto is expected to provide a secure legal framework for the development of the local crypto market, attract more crypto investment, and promote the growth of the Web3 ecosystem. At the same time, the law also reflects Vietnam’s ambition to become a digital technology hub, with comprehensive incentives for the development of artificial intelligence, semiconductors, and digital infrastructure.
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