Catenaa, Tuesday, June 17, 2025- Vietnam has officially legalized cryptocurrency through a landmark law passed by the National Assembly, setting the stage for a regulated digital asset economy in one of the world’s most crypto-active nations.
The Law on Digital Technology Industry, passed June 14, marks Vietnam’s first comprehensive legal framework for digital assets. Scheduled to take effect January 1, 2026, the law defines and regulates two categories: virtual assets and crypto assets. It excludes tokenized fiat currencies, securities, and financial instruments governed by civil or banking law.
Crypto assets, including tokens like Bitcoin and Ethereum, will be subject to new operational rules, cybersecurity standards, and compliance mandates aligned with global anti-money laundering protocols.
The move aims to address Vietnam’s inclusion on the Financial Action Task Force’s gray list and respond to Prime Minister Phạm Minh Chính’s March directive urging swift action on crypto regulation.
With more than 17 million crypto holders and $105 billion in capital inflows during 2023 and 2024, Vietnam ranks fifth globally for crypto interest, according to Chainalysis.
The law’s passage is seen as a vital step toward bolstering investor confidence and aligning the country’s financial practices with international standards.
The legislation is part of a broader push to develop Vietnam’s digital economy. It also offers incentives for companies in AI, chip design, and digital infrastructure, signaling the government’s intention to position Vietnam as a key player in the global semiconductor supply chain.
