Vietnam’s National Assembly approved the law in the digital technology industry on June 14, which carries digital assets under regulatory administration.
The law, which is set to take place on January 1, 2026, recognizes crypto assets and places the basis for a broader digital change across the country, According to in reports from local media outlets.
The law classifies digital assets in two categories, including virtual assets and crypto assets. While both rely on discryption or digital technology for validation and move, neither including security, digital fiat currencies, nor other financial instruments.
The government is now duty to drafting specific business conditions, classification, and management mechanisms for these types of properties.
The law also regulates cybersecurity and Anti-Money Laundering Cares International customs align, an effort that aims to meet concerns with the Financial Action Task Force (FATF). Vietnam has been on the “Color Fatf” list since 2023.
Related: Emerging markets lead to crypto adoption, according to the Consenys survey
Vietnam Eyes Global Tech Role
Beyond crypto, the law indicates Vietnam’s ambition to become a digital tech hub.
It introduces stunning incentives for businesses working with AI, semiconductors, and digital infrastructure. This includes tax breaks, land use benefits, and R&D support, especially for companies of developing basic technologies such as chip design and AI data centers.
Regional governments have been assigned to support workers’ development through subsidies and training programs, while education policies will include digital tech skills in the national curriculum.
“With this move, Viet Nam became the first country in the world to create a single law specifically dedicated to the digital technology industry,” the Vietnam government said.
Related: Bitget launched the BitExc Customized Crypto Exchange in Vietnam
Vietnamese Police Bust Fake Crypto Mining Platform
In February 2025, Vietnam police Arrested four individuals Behind a fake crypto mining platform, Bitminer, which has occurred as a Dubai -based operation. The scam is deceiving more than 200 victims with less than 4 billion Vietnamese Dong ($ 157,300) by selling bogus mining packages and education materials.
In another major incident in December 2024, the Hanoi City Police Department in Vietnam prevented 300 potential victims From investing in an elaborate crypto scam -Defraud of 30 billion Vietnamese Dong ($ 1.17 million) from nearly 100 businesses and 400 individuals.
Called millions of smiles, the company promotes an in-house cryptocurrency, QFS, or financial system, using fraudulent advertising that regulates ancestral wealth and spiritual claims.
Magazine: Bitcoin $ 119k price if the oil is holding? SHARPLINK BUY $ 463M ETH: Hodler’s Digest, June 8 – 14
