Vietnam officially incorporates encryption assets into regulation through the "Law on Digital Technology Industry".

GateUser-6433627c · 2025-06-15T10:20:55+00:00

On June 15, the National Assembly of Vietnam passed the "Law on Digital Technology Industry" on June 14, which for the first time incorporates encryption assets into the national legal regulatory system. The law will take effect on January 1, 2026. According to local media reports, the passage of the law not only recognizes the legal status of encryption assets but also paves the way for broader digital innovation across the country. The new law categorizes digital assets into two types: virtual assets and encryption assets. Although both rely on encryption or digital technology for verification and transfer, they do not include securities, digital fiat, or other financial instruments. The government will be responsible for formulating relevant operating conditions, classification standards, and regulatory mechanisms. The law also requires that encryption asset activities must comply with international norms such as cybersecurity and AML, clearly in response to the Financial Action Task Force (FATF)'s regulatory concerns regarding Vietnam. Since 2023,

GateUser-6433627c

2025-06-15 10:20:55

On June 15, Vietnam’s National Assembly passed the Digital Technology Industry Law on June 14, bringing crypto assets into the country’s legal regulatory system for the first time. The bill will come into effect on January 1, 2026, and according to local media reports in Vietnam, the passage of the law not only recognizes the legal status of crypto assets, but also paves the way for broader digital innovation across the country. The new law divides digital assets into two categories: virtual assets and crypto assets. While both rely on crypto or digital technology for verification and transfer, they do not include securities, digital fiat currencies, or other financial instruments. The next step will be for the government to develop the relevant operating conditions, classification standards and regulatory mechanisms. The law also requires cryptoasset activities to comply with international norms such as cybersecurity and anti-money laundering (AML), apparently in response to the Financial Action Task Force’s (FATF) regulatory concerns about Vietnam. Since 2023, Vietnam has been on the “grey list” of the FATF.

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