On June 14, the Vietnamese National Assembly enacted the Digital Technology Industry Law, marking a significant milestone by formally integrating crypto assets into the nation’s legal framework. This legislation, effective from January 1, 2026, establishes a clear regulatory foundation for digital assets, fostering a more structured environment for blockchain innovation across Vietnam.
The statute distinctly classifies digital assets into virtual assets and crypto assets, excluding securities, digital fiat currencies, and other financial instruments from its scope. This differentiation aims to streamline regulatory oversight and clarify asset categorization, enabling more precise governance and compliance protocols.
Moreover, the law emphasizes adherence to global standards, including cybersecurity and anti-money laundering (AML) frameworks, directly addressing concerns raised by the Financial Action Task Force (FATF). Vietnam’s commitment to these international norms reflects its strategic intent to enhance regulatory transparency and mitigate risks associated with digital asset transactions.