Vietnam Legalizes Crypto: New Law Sets Rules for Digital Assets

Big news from Vietnam—the country just passed a major law on June 14, 2025, that officially brings crypto into the legal spotlight. The newly introduced Law on Digital Technology Industry is the first of its kind in Vietnam and sets clear guidelines for how digital assets will be regulated moving forward.

The law defines crypto assets as digital assets that use encryption or similar tech for things like creation, transfer, and storage. It also makes a clear distinction between “virtual assets” and “crypto assets,” which is an important step toward better regulation and global alignment—especially when it comes to anti-money laundering (AML) policies.

Why does this matter? Vietnam has been on the Financial Action Task Force’s (FATF) grey list since 2023 due to weak AML controls. By passing this law, the country is making a strong push to get off that list and boost trust in its financial systems. FATF had previously urged Vietnam to tighten its rules around virtual assets—and now it has.

The law goes into effect on January 1, 2026, giving local businesses and authorities time to prepare. It classifies digital assets into two main categories: virtual assets (like digital items used for exchange or investment) and crypto assets (which rely on encryption to confirm ownership and transactions). It’s important to note that neither category includes digital fiat currencies or regular financial instruments.

But the new law goes beyond just crypto. It’s part of a much bigger plan to modernize Vietnam’s entire digital economy. The government is offering tax breaks, land-use support, and R&D funding for companies working on cutting-edge tech like semiconductors and AI. Schools will also start teaching digital skills to help prepare the future workforce.

Le Quang Huy, head of the National Assembly’s tech committee, said the law sets the stage for Vietnam to become a key player in the global semiconductor supply chain. With support from local governments, this new law is more than just about crypto—it’s about building a fully digital, innovation-driven future for the country.