Vietnam's National Assembly passed the Digital Technology Industry Law on June 14, marking a fundamental step in the regulation of digital assets, including cryptocurrencies, as reported by crypto.news on Monday.
The legislation, which will come into force on January 1, 2026, establishes a legal framework for crypto assets.
According to local reports, the law classifies digital assets into two groups: virtual assets and crypto assets, both of which are protected by encryption or digital validation methods.
It should be noted the classification excludes securities and other conventional financial products.
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The Vietnamese government is now responsible for defining the specific trading conditions, classifications, and regulatory measures for these assets.
In addition, the law imposes cybersecurity and anti-money laundering (AML) protocols in line with international standards, a measure likely intended to address concerns raised by the Financial Action Task Force (FATF).