Vietnam’s National Assembly passed the Law on Digital Technology Industry on June 14, 2025, officially legalizing cryptocurrency and introducing a comprehensive regulatory framework for digital assets. The law categorizes digital assets into crypto assets and virtual assets, explicitly excluding digital fiat currencies and securities. It mandates cybersecurity, anti-money laundering (AML) measures, and compliance with international standards to address the country’s gray list status by the Financial Action Task Force (FATF).
The legislation requires the Ministry of Finance and the State Bank of Vietnam to define detailed licensing, classification, and supervisory rules. Vietnam aims to create a state-supervised digital currency exchange and foster innovation in blockchain, AI, semiconductors, and other digital technologies. Tax breaks, R&D funding, land-use rights, and education reforms are designed to support enterprises and build a skilled workforce in high-tech sectors.
Notably, prominent digital assets such as BTC (Bitcoin), ETH (Ethereum), and stablecoins will benefit from enhanced legal protections and regulatory clarity, potentially boosting domestic and foreign investment. The law is set to take effect on January 1, 2026, signaling Vietnam’s strategic shift towards robust digital asset oversight and market growth.
Recent high-profile cryptocurrency scams in Vietnam highlight the urgent need for clear regulation to protect investors and deter illicit schemes. The new law aims to address these concerns, balance investor protection with innovation, and build a vibrant blockchain ecosystem consistent with global standards.