Vietnam approved a law that officially recognizes digital and cryptographic assets, taking a decisive step to regulate and promote the cryptocurrency economy.
The Digital Technology Industry Law was approved on June 14 and entered into force on January 1, 2026. According to local media, it describes a broad framework to administer digital assets and promote blockchain innovation.
This legal recognition occurs when Vietnam seeks to improve its position in the classifications of the financial action task group, an international organization that establishes standards to address money laundering and terrorism financing. The country is appointed in the Gray of Fatf list for insufficient controls against money laundering, particularly in relation to virtual assets.
The legislation classifies digital assets into two groups: virtual assets and cryptographic assets. While traditional financial definitions do not fall so much, such as values or digital currencies of the Central Bank, cryptographic assets are classified by their use of encryption in the validation of creation and transfers.
The law grants the Vietnamese government authority to define specific regulatory conditions, including measures against money laundering and cybersecurity standards aligned with international standards.
Together with its regulatory function, the Law has a large number of incentives aimed at Startup Blockchain and digital infrastructure developers. These include state subsidies, tax exemptions and visas advantages.
