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#Vietnam Legalizes #Crypto Assets Under New Digital Technology Law
Vietnam's National Assembly approved comprehensive digital technology legislation on June 14.
The law takes effect Jan. 1, 2026, bringing #crypto assets under regulatory oversight for the first time.
The legislation classifies digital assets into virtual assets and crypto assets categories.
The government must now outline specific business conditions and oversight mechanisms.
The law includes cybersecurity and Anti-Money Laundering safeguards aligned with international standards.
Vietnam has become the first country globally to enact a standalone law dedicated to the digital technology industry.
This move addresses Financial Action Task Force concerns after Vietnam's placement on the gray list in 2023.
