Vietnam passes digital asset law to align with global rules and exit FATF gray list.
- New law sets rules for crypto use and exchange in Vietnam
- Targets better controls for fraud, money laundering and terrorism financing
- Helps Vietnam improve its global financial image
Vietnam Creates Clear Rules for Digital Assets
Vietnam passed the Law on Digital Technology Industry on June 14, 2025. It takes effect on January 1, 2026. This is the first law in Vietnam focused fully on crypto and digital assets.
The law separates crypto assets like Bitcoin and Ether from virtual assets. Virtual assets are non-financial items such as game tokens. This helps the country apply better rules for each type of digital asset.
Steps to Leave the FATF Gray List
In 2023, Vietnam was placed on the FATF gray list for weak controls against money laundering and terrorist financing. FATF stands for Financial Action Task Force, a global group that sets standards to fight financial crime.
To exit the gray list, Vietnam must show it can supervise crypto activity, monitor customer identities, and stop illegal financing. The new law supports these goals by introducing rules that match FATF recommendations.
New Rules for Crypto Companies
Under the law, crypto exchanges and wallet providers must follow strict rules. They need to check user identities, keep records of transactions, and report suspicious activity.
The government will license these businesses and monitor their activities. This brings more regulatory clarity and lowers the risk of scams and illegal use of digital coins.
Stopping Crypto Scams and Fraud
The law was created in part to fight rising crypto fraud. For example, in 2025, a fake crypto mining scheme called BitMiner stole over $150,000 from users. Another scam in 2024 used fake ads to promote a token called QFS, causing $1.17 million in losses.
Now, with legal tools in place, police and courts can better catch scammers and recover funds. The law also allows Vietnam to work with other countries on cross-border investigations.
Vietnam Welcomes Crypto Innovation
The law is part of a larger plan to make Vietnam a hub for digital innovation in Asia. Crypto companies will receive tax breaks and legal support to start operations.
Local experts get tax relief, and foreign workers can get five-year visas. Pilot projects will test blockchain and crypto tools in a safe zone called a regulatory sandbox.
Next Steps in Regulation
Vietnam has also upgraded its anti-money laundering and customer protection rules outside of crypto. If all changes are enforced by 2026, Vietnam could exit the FATF gray list.
By creating clear laws, Vietnam hopes to attract crypto firms, investors and global partners. This supports both financial transparency and economic growth.
Source: cointelegraph.com
