Vietnam Enacts Law to Officially Recognize Digital and Crypto Assets

Vietnam has enacted a law recognizing digital and crypto assets, marking progress in regulating the cryptocurrency sector.

The key points of the Digital Technology Industry Law include:

Passed on June 14, effective from January 1, 2026
Establishes a framework for managing digital assets and promoting blockchain innovation
Aims to improve Vietnam's standing with the Financial Action Task Force, addressing money laundering concerns
Categorizes digital assets into virtual assets and crypto assets, distinguishing them from traditional financial instruments
Empowers the government to set regulatory conditions, including anti-money laundering measures and cybersecurity standards
Offers incentives such as state subsidies, tax exemptions, and visa benefits for blockchain startups and digital infrastructure developers