On June 14, 2025, Vietnam's National Assembly approved a law on digital technology, legalizing cryptocurrency in the country. This move is driven by the government's goal to manage digital assets effectively and attract blockchain investments.
New Digital Technology Law
The Digital Technology Law has been enacted to create a legal framework for cryptocurrencies in Vietnam. Deputy Minister of Finance **Nguyen Duc Chi** emphasized the government's commitment to providing legal protection and oversight for digital assets.
Market and Innovation Impact
The new legislation will affect various digital assets and is expected to stimulate innovation as well as attract investments in blockchain. Blockchain firms and startups are anticipated to receive support for their development in areas like artificial intelligence and semiconductors.
Expectations from New Regulations
With the introduction of this new law, an influx of both domestic and foreign investments is expected. Clear regulations will likely create opportunities for innovation in digital asset management while helping Vietnam move away from FATF's 'gray list.'
The legalization of cryptocurrency in Vietnam marks a significant step towards the formalization of the market, creating favorable conditions for investments and innovation. The full effect of the new law is expected to be felt by 2026.
