NewsBTC

16 June 2025

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Vietnam Legalizes Crypto with New Law Effective January 2026

Vietnam and Pakistan are emerging leaders in crypto adoption, establishing frameworks that could enhance their economies.

Key developments include:

1. Legal Framework in Vietnam
   On June 14, 2025, Vietnam passed its Law on Digital Technology Industry, effective January 1, 2026, recognizing crypto as a regulated asset class. This affects 17 million crypto holders and is expected to result in $105 billion in inflows over 2023–24.
2. Innovation Incentives
   The law provides tax breaks, R&D support, and benefits for sectors like AI and blockchain, promoting a tech-centered economy.
3. Pakistan's Strategic Shift
   On June 15, 2025, Michael Saylor engaged with Pakistan's finance leadership advocating Bitcoin as a reserve asset. The country established the Pakistan Crypto Council and is developing frameworks for a national Bitcoin reserve and mining infrastructure.
4. Emerging Economies Leading
   Vietnam and Pakistan's initiatives reflect a trend where emerging economies utilize digital assets for economic advancement, diverging from traditional Western approaches.

These moves indicate potential growth for altcoins as global adoption rises.