Vietnam Legalizes Crypto: A New Era for Digital Finance

Vietnam has officially entered a new era of regulated digital finance. The National Assembly passed the Digital Technology Industry Law on June 14, 2025, which formally recognizes and regulates digital assets for the first time. This landmark legislation takes effect January 1, 2026, marking a significant step in Vietnam's digital transformation.

Key Features of Vietnam's New Crypto Law

• Legalization of crypto assets: The law defines and regulates virtual and crypto assets, differentiating them from securities and CBDCs.
• Exclusion of CBDCs and securities: This safeguards the traditional financial system by avoiding overlap and potential conflicts.
• Mandatory compliance: Crypto firms must adhere to Anti-Money Laundering (AML), Counter-Terrorism Financing (CFT), and robust cybersecurity standards.
• Future regulatory flexibility: The law allows for future adjustments to regulations as the technology evolves.
• Incentives for tech firms: The law promotes digital innovation by providing tax and investment incentives to companies in key tech sectors.

The law's distinction between virtual and crypto assets is crucial. Virtual assets are defined as those intended for exchange or investment but are not securities, CBDCs, or fiat money. Crypto assets, conversely, are validated using encryption and blockchain technology.

Addressing AML/CFT Concerns

Vietnam's inclusion of stringent AML/CFT and cybersecurity requirements aligns with international best practices. This move is particularly significant as Vietnam aims to improve its standing with the Financial Action Task Force (FATF).

Boosting Vietnam's Digital Economy

Beyond crypto regulation, the law actively promotes Vietnam's digital economy. It includes initiatives to support startups, incentivize investment in emerging technologies (software, semiconductors, AI, data centers), and foster talent development through training programs and subsidies.

The law also emphasizes the importance of semiconductors, aiming to establish a complete domestic value chain, from design to global integration. This strategic focus positions Vietnam to become a key player in the global chip supply chain.

Conclusion: A Forward-Thinking Approach

Vietnam's new Digital Technology Industry Law is more than just crypto regulation; it's a comprehensive strategy to build a robust and innovative digital economy. By combining clear crypto regulations with proactive measures to drive technological advancement, Vietnam is paving the way for a competitive and resilient digital future.

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