According to ChainCatcher and Cointelegraph, the Vietnamese National Assembly passed the Digital Technology Industry Law on June 14, which for the first time incorporated crypto assets into the national legal regulatory system. The law will take effect on January 1, 2026, and according to local Vietnamese media, its passage not only recognizes the legal status of crypto assets but also paves the way for broader digital innovation nationwide.
The new law categorizes digital assets into two types: virtual assets and crypto assets. While both rely on cryptographic or digital technologies for verification and transfer, they do not include securities, digital currencies, or other financial instruments. The government will be responsible for establishing relevant operating conditions, classification standards, and regulatory mechanisms.
The law also requires crypto asset activities to comply with international norms such as cybersecurity and anti-money laundering (AML), apparently in response to the Financial Action Task Force's (FATF) regulatory concerns about Vietnam. Since 2023, Vietnam has been on the FATF's "gray list".
