Vietnam Embraces Crypto: New Law Signals a Digital Breakthrough. By ChainFabricNews

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Image source: Coinfomania

In a major step forward for the digital economy, Vietnam has officially legalized and regulated crypto assets. On June 14, 2025, the country’s National Assembly passed the new Law on Digital Technology Industry, which will go into effect on January 1, 2026. This makes Vietnam one of the first Southeast Asian countries to take clear legal steps toward embracing cryptocurrencies like Bitcoin and Ethereum.

For millions of Vietnamese people already using crypto in daily life, this is big news.

What’s in the New Law?

The law introduces two types of digital assets:

  • Virtual assets – like in-game currencies or loyalty points.

  • Crypto assets – such as Bitcoin, Ethereum, and other decentralized digital currencies.

This means crypto users will now be able to operate within a well-defined legal framework, giving both investors and businesses more confidence. Until now, crypto in Vietnam existed in a legal gray area, making many people hesitant to get involved.

Why This Law Matters

Vietnam is no stranger to crypto. In fact, around 17 million people—nearly 20% of the population—own some form of cryptocurrency. In 2023–24 alone, the country saw over $100 billion in crypto inflows.

This law doesn’t just give crypto legal status—it also sets up rules for safety and transparency. It will require crypto platforms to follow proper licensing procedures and introduce Know-Your-Customer (KYC) checks to reduce fraud and money laundering. This puts Vietnam in line with international standards and could help it get removed from the global financial watchdog FATF’s “gray list.”

Supporting Innovation

The law isn’t just about regulation—it’s also about encouraging innovation. It offers tax benefits, land-use incentives, and government support for blockchain startups. This shows Vietnam’s long-term goal: to become a major digital hub in Southeast Asia.

With smartphone and internet use soaring in Vietnam, there’s a growing base of young, tech-savvy users eager to explore blockchain, gaming, and digital finance. This new law gives them the green light to innovate confidently.

What’s Next?

Starting January 2026, Vietnam’s government will begin issuing licenses to crypto companies and outlining specific rules for how these businesses should operate. We can expect more crypto exchanges to set up shop in the country, including big names like Binance and Coinbase.

This move may also influence other countries in the region to adopt similar crypto-friendly laws.

A Safer Space for Everyone

The new law comes at a good time. In recent years, Vietnam has seen some major crypto scams, like the “BitMiner” case, where investors lost millions of Vietnamese dong. With strong regulations in place, users can now enjoy a safer and more reliable crypto environment.

Final Thoughts

Vietnam’s new crypto law is more than just legislation—it’s a clear signal that the country is ready to step into the digital future. By creating a balance between regulation and innovation, Vietnam is opening the door to more investment, safer transactions, and massive tech growth.

For crypto enthusiasts, investors, and startups, Vietnam is quickly becoming a place to watch.

 

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