Vietnam has approved a groundbreaking bill to create a structured legal environment for digital assets. A new law, known as the Digital Technology Industry Act, will come into effect in January 2026.
It is designed to form the basis for regulated cryptographic activity and enable the growth of emerging industries.
Vietnam announces bold cryptography
Reports say the new law will formally recognize digital assets and divide them into two main categories: virtual assets and crypto assets.
Cryptocurrencies are digital devices that rely on encryption and blockchain technology for creation, publication, storage and transfer. These include tokens used to validate transactions and to verify ownership of distributed networks.
In contrast, virtual assets are primarily used for trading or investment purposes. These do not include equipment such as securities, stubcoins, central bank digital currency (CBDCs), and other regulated financial products.
This Act assigns government authorities to define these asset categories, establish business terms and oversee their operations.
It also requires that relevant agencies implement strict Money Laundering (AML) and Counterterrorism Finance (CTF) standards to protect the integrity of their ecosystems.
Beyond crypto regulations, law lays the foundation for broader technological advancements.
It will implement policies to enhance Vietnam’s digital infrastructure and drive growth in areas such as artificial intelligence, semiconductors and high-tech manufacturing.
According to the report, technology companies working on digital products or advanced computing systems have access to a variety of incentives. These include support for research and development, talent training and building joint infrastructure.
This comprehensive approach is consistent with Vietnam’s ambition to become a competitive player in the digital economy. According to Chain Melting, the country is currently ranked fifth in the world for adoption of crypto, indicating strong domestic demand.
Industry players believe that a formal framework will help Vietnam attract more investments.
In particular, Vietnam’s regulatory push follows the recent efforts of the Ministry of Finance to launch a pilot Crypto trading platform with support from Bybit Crypto Exchange.
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