Vietnam has passed a new law to regulate crypto assets, starting in 2026.
- Digital assets will now be legally recognized in Vietnam.
- New rules will help protect users and prevent crypto scams.
- The country also aims to boost other digital tech sectors.
New Law Brings Crypto Under State Regulation
On June 14, Vietnam’s National Assembly approved the Law on Digital Technology Industry. This law will take effect on January 1, 2026. It officially recognizes crypto assets and virtual assets for the first time. These are digital values that use encryption or other digital technologies. However, the law does not cover digital versions of fiat currency or traditional financial instruments.
The government is now responsible for setting up business rules, categories, and how these assets will be controlled. The new law gives Vietnam’s authorities a way to guide, support, and monitor crypto-related activities safely.
Stronger Security and Anti-Fraud Measures
Vietnam has faced crypto scams in recent years. In 2025, police shut down a fake mining business called BitMiner that stole $157,300 from more than 200 people. Another scam called Million Smiles defrauded over $1.17 million from hundreds of victims using false claims and spiritual promises.
To avoid more scams, the new law includes important Anti-Money Laundering (AML) and cybersecurity rules. These are designed to meet international standards and could help Vietnam move off the global “gray list” managed by the Financial Action Task Force (FATF).
Vietnam Aims to Be a Tech Leader
The law is about more than just crypto. Vietnam wants to become a global hub for digital tech. The law supports industries like artificial intelligence (AI), semiconductors, and data centers. Companies in these fields may get tax benefits, land use support, and help with research and development.
Local governments will offer training and education programs. Schools will also add more digital content to their curriculums. These steps are part of a bigger plan to make sure Vietnam has the skilled workers it needs to grow its tech industry.
Source: cointelegraph.com