The Vietnamese parliament has passed the Digital Technology Law, officially recognizing Bitcoin and other cryptocurrencies, marking a historic step for the country.
Legislation on Digital Assets
The new law, approved by the National Assembly, will take effect on January 1, 2026. It distinguishes between virtual assets and crypto assets, without referring to them as securities or other conventional financial assets.
Provisions of the New Law
This categorization lays the groundwork for greater transparency and order in the rapidly expanding cryptocurrency world. Vietnamese authorities have officially recognized cryptocurrencies at a national level for the first time.
Future of Cryptocurrencies in Vietnam
Although the law does not provide a comprehensive regulatory framework at this point, it is regarded as a solid basis for further development. The law also promotes the integration of blockchain and artificial intelligence (AI) in the country.
With this law, Vietnam is making a significant step towards digitalizing its economy, which may enhance its relations with international organizations and increase investor interest in digital assets.
