The new digital technology law, passed by Vietnam's National Assembly, legalizes cryptocurrency, creating a legal foundation for digital assets.
Overview of the New Law
The Law on Digital Technology was approved on June 14, 2025, and will take effect on January 1, 2026. It legalizes cryptocurrencies such as Bitcoin and Ethereum, excluding digital fiat currencies and securities.
Projected Market Impact
Market analysts anticipate increased activity in decentralized finance (DeFi) due to expected regulatory certainty. This could lead to an inflow of international capital and growth in Vietnam's tech sector.
Expert Opinions on the Legislation
"The passage of the 'Law on Digital Technology' officially brings crypto assets and virtual assets into a legal framework." However, there have been no direct comments from key officials yet.
The legalization of cryptocurrency in Vietnam signifies the country’s intention to integrate digital assets into its economy, potentially leading to a new wave of innovation and investment in this sector.
