Vietnam Enacts Digital Technology Law to Regulate Crypto Assets
- The National Assembly of Vietnam approved the Law on Digital Technology Industry on June 14, which will take effect on January 1, 2026.
- The law classifies digital assets into virtual assets and crypto assets, excluding securities and digital fiat currencies.
- Cybersecurity and Anti-Money Laundering measures are mandated to align with international standards, addressing concerns from the Financial Action Task Force (FATF).
- Vietnam aims to become a digital tech hub by offering incentives for AI, semiconductors, and digital infrastructure development.
- The law is the first standalone legislation globally dedicated to the digital technology industry.
Vietnam’s new law signals its commitment to regulating crypto assets and fostering broader technological innovation. By classifying digital assets and implementing international safeguards, Vietnam addresses FATF concerns while promoting its ambition as a tech hub.
