Vietnam's National Assembly has passed a law recognizing crypto assets, paving the way for advancements in digital technology.
Legalization of Crypto Assets in Vietnam
On June 14, 2025, Vietnam's National Assembly approved a new law that legalizes crypto assets, including Bitcoin and Ethereum. This legislation, initiated by Prime Minister Pham Minh Chinh, aligns with international anti-money laundering standards.
Investment Growth Expectations
The new law creates conditions for increased institutional investments by providing clarity to market participants. Prime Minister Pham Minh Chinh stated, 'The passage of this law demonstrates our commitment to implementing a robust regulatory framework that enhances investor confidence and aligns with international standards.'
Vietnam Follows Japan and EU Example
Vietnam is moving towards regulating crypto assets, following the examples set by countries like Japan and the European Union, which implemented similar laws earlier. This is expected to contribute to the legitimization of local markets and improve international crypto adoption.
The passage of the crypto asset law in Vietnam may lead to significant changes in the country's digital financial landscape, opening up new opportunities for investors and fostering technology development.
