Vietnam Establishes Crypto Framework Under New Digital Law

Vietnam’s Digital Technology Industry Law, passed on June 14, brings cryptocurrencies under legal and regulatory oversight for the first time. Slated for implementation in 2026, the law defines digital assets while setting the stage for structured governance.

The legislation distinguishes between virtual assets and crypto assets, both encrypted but separate from traditional financial products. Authorities must now develop specific licensing and compliance rules to operationalize the framework.

To align with global standards, the law mandates AML and cybersecurity protocols, addressing FATF concerns. Vietnam has been on the FATF’s gray list since 2023, making these measures crucial for financial credibility.

Additionally, the law supports Vietnam’s digital economy push with R&D incentives and tax benefits for tech sectors like AI and semiconductors.