#VietnamCryptoPolicy

Vietnam's cryptocurrency policy is evolving, with the government taking steps to regulate the industry while balancing innovation and risk. Here's an overview ¹ ² ³:

- *Current Status*: Cryptocurrency is not recognized as a legal payment method, but owning and trading crypto is not strictly illegal. The government has been cautious in its approach, focusing on researching blockchain technology and developing business guidelines.

- *New Regulations*: Vietnam's National Assembly passed a law on digital technology industry on June 14, 2025, which includes crypto assets under regulatory oversight. The law takes effect on January 1, 2026, and aims to provide clarity on ownership, taxation, and licensing requirements.

- *Key Features*:

- *Classification*: Digital assets are categorized into virtual assets and crypto assets, excluding securities and fiat-backed stablecoins.

- *Regulatory Oversight*: The government will issue licenses, set operational standards, and implement compliance measures for entities operating in the digital asset space.

- *Anti-Money Laundering (AML) and Cybersecurity*: The law incorporates stringent AML and cybersecurity requirements, aligning with international norms.

- *Goals*:

- *Increased Legitimacy*: Clear regulations aim to encourage broader adoption and lay the groundwork for increased retail and institutional engagement.

- *Investor Protection*: The framework empowers authorities to monitor and regulate the industry, reducing the risk of fraudulent activities.

- *Digital Economy Growth*: Vietnam aims to become a regional hub for technological innovation, with incentives for industries like AI, semiconductors, and digital infrastructure.

The new law is expected to bring regulatory clarity, enhance investor protection, and promote the growth of Vietnam's digital economy ³.