Vietnam Legalizes Crypto: New Digital Asset Law

Vietnam has taken a significant step forward in the cryptocurrency space with the approval of the Law on Digital Technology Industry. This landmark legislation, effective January 2026, establishes a legal framework for digital assets, paving the way for regulated crypto activity and the growth of the sector.

Key Features of Vietnam's New Crypto Law

The law formally recognizes digital assets, categorizing them into two types:

• Crypto Assets: Digital instruments utilizing encryption and blockchain technologies for creation, issuance, storage, and transfer. This includes tokens used for transaction validation and ownership verification on decentralized networks.
• Virtual Assets: Primarily used for trading or investment. This excludes assets like securities, stablecoins, central bank digital currencies (CBDCs), and other regulated financial products.

The government will define these classifications, set operational guidelines, and oversee their activities. Strict anti-money laundering (AML) and counter-terrorism financing (CTF) measures are mandated to maintain the integrity of the crypto ecosystem.

Beyond Crypto: A Broader Technological Vision

This law isn't solely focused on cryptocurrencies; it's part of a broader initiative to advance Vietnam's digital infrastructure and foster growth in:

• Artificial Intelligence
• Semiconductors
• High-tech Manufacturing

The legislation offers incentives for technology firms involved in digital products or advanced computing, including research and development support, talent training, and collaborative infrastructure development.

Vietnam's Position in the Global Crypto Landscape

Vietnam's proactive approach aligns with its ambition to become a leader in the digital economy. Currently ranking fifth globally in crypto adoption (according to Chainalysis), the country demonstrates strong domestic demand. This new legal framework is expected to attract substantial foreign investment and position Vietnam alongside established blockchain hubs like Singapore.

This move follows the Ministry of Finance's pilot program for a crypto trading platform, supported by the Bybit crypto exchange.

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Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct thorough research and consult with a professional before making any investment decisions.