Vietnam has formally enacted the Digital Technology Industry Law, establishing a comprehensive regulatory framework for digital assets and explicitly legalizing crypto assets. The legislation, effective January 1, 2026, aims to foster blockchain innovation within a structured legal environment.
The law categorizes digital assets into distinct classes, specifically virtual assets and crypto assets. It explicitly excludes securities, digital fiat currencies, and other traditional financial instruments from this new digital asset classification.
Compliance with international standards is a cornerstone of the legislation. It mandates adherence to global frameworks, including robust cybersecurity measures and stringent anti-money laundering (AML) protocols, directly addressing concerns previously raised by the Financial Action Task Force (FATF).
Enhancing regulatory transparency and mitigating risks associated with digital asset transactions are key objectives of the new law. The framework is designed to provide clarity for businesses and users operating within the Vietnamese digital asset ecosystem.
The January 1, 2026, effective date provides a clear timeline for implementation, setting the stage for regulated blockchain development and crypto asset utilization in Vietnam.