Vietnam passes digital technology bill to legalize cryptocurrency, expected to take effect on January 1 next year

PANews reported on June 15 that, according to Cointelegraph, the Vietnamese National Assembly approved the "Digital Technology Industry Law" on June 14, bringing digital assets under regulatory oversight. The law is set to take effect on January 1, 2026, and recognizes crypto assets while laying the groundwork for broader digital innovation nationwide. The law reportedly categorizes digital assets into two types: virtual assets and crypto assets, both of which rely on encryption or digital technology for verification and transfer, but exclude securities, digital legal tender, or other financial instruments. The current task of regulatory authorities is to outline the specific business conditions, classification, and supervision mechanisms for these asset types.