Vietnam legalises crypto under new digital technology law

Vietnam has officially legalised crypto assets as part of a landmark digital technology law passed by the National Assembly on 14 June. Set to take effect on 1 January 2026, the law creates a regulatory framework classifying digital assets as virtual or crypto assets.

Neither category includes securities or digital fiat currencies. The government will now develop specific business rules and oversight mechanisms while enforcing cybersecurity and anti-money laundering standards to meet international expectations.

The new law also highlights Vietnam’s ambition to become a leader in digital technology innovation. It offers extensive incentives for enterprises in artificial intelligence, semiconductor manufacturing, and digital infrastructure.

Vietnam’s authorities have recently taken action against significant crypto scams. In February 2025, police arrested four people behind a fraudulent mining platform, which defrauded over 200 victims.

In December 2024, Hanoi police stopped a scam involving the fake Quantum Financial System cryptocurrency, which had stolen over $1 million. These efforts demonstrate Vietnam’s commitment to protecting investors and strengthening the digital asset ecosystem.

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