Vietnam Greenlights Crypto in Sweeping Digital Tech Law

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Vietnam has officially legalized cryptocurrencies under its newly passed Digital Technology Industry Law, approved on June 14. The law, effective from 2026, brings digital assets under government oversight while fostering innovation in the sector.

Under the legislation, digital assets are split into virtual assets and crypto assets, both secured by encryption but distinct from securities or fiat currencies. Authorities will now define specific regulations for these assets.

The law also strengthens AML and cybersecurity measures, aligning with FATF standards—a crucial step as Vietnam remains on the FATF’s gray list.

Additionally, Vietnam aims to boost its tech sector with tax incentives and R&D support for AI, semiconductors, and digital infrastructure projects.