Vietnam has made a significant leap toward the legalization of crypto assets by adopting a new Digital Technology Industry law. This creates a clear legal framework for users and businesses ahead of the slated start date of January 1, 2026.
Introduction to the New Crypto Asset Law
On June 14, 2025, Vietnam's National Assembly enacted a law formally recognizing digital assets like Bitcoin and Ethereum. These assets are distinguished from other digital goods such as in-game tokens and NFTs, which are now categorized as virtual assets.
Sections and Features of the New Law
The legislation clarifies that crypto assets are neither fiat money nor financial securities. This allows businesses and regulators time to prepare for the new framework by 2026. Major players in the crypto market indicate: 'Established rules in Vietnam would attract foreign investment and reduce risk.' Additionally, measures for AML, cybersecurity, and licensing for exchanges are anticipated, aligning with FATF guidelines.
The Future of Crypto Assets in Vietnam
With the legalization and rising interest in crypto assets, Vietnam could become a significant player in the global crypto market. Predictions suggest that user numbers may grow substantially by 2026. Furthermore, proposed support measures, such as tax incentives for startups and skill development in IT, may enhance the potential of the crypto industry in the country.
The establishment of clear legal frameworks for crypto assets in Vietnam signals a vital step toward mainstream adoption and increased market confidence. This opens new avenues for investors and businesses while highlighting the growing trends in digital assets among countries.
