Vietnam Legalizes Crypto Assets Ahead of 2026 Deadline

Vietnam has taken a significant step forward in its digital transformation by officially legalizing crypto assets through its new Digital Technology Industry law. This move provides a clear legal framework for users, traders, and businesses well ahead of the January 1, 2026, implementation date. The landmark transition is seen as a crucial milestone in Vietnam’s digital journey, establishing a firm foundation for the global recognition of crypto assets.

On June 14, 2025, Vietnam’s National Assembly enacted a law that formally recognizes digital assets such as Bitcoin and Ethereum. This legislation distinguishes these assets from other digital goods like in-game tokens and NFTs, which are now categorized as virtual assets. The Act stipulates that these digital assets are neither fiat money nor financial securities, giving businesses and regulators ample time to transition to the new framework by January 1, 2026.

The new law emphasizes regulation in terms of Anti-Money Laundering (AML) measures, cybersecurity, and licensing for exchanges. These measures align with the Financial Action Task Force (FATF) guidelines and aim to remove Vietnam from the ‘gray list.’ Users can expect their crypto assets to be handled more safely and reliably under this new regulatory environment.

Vietnam’s move towards legalizing crypto assets is part of a broader trend in the region, with other countries also adopting clearer guidelines for digital currencies. This shift is expected to attract foreign investment and reduce risks associated with crypto transactions. Analysts have expressed confidence in Vietnam’s direction, noting that the country’s approach to crypto regulation is tech-driven and focused on long-term growth.

Innovation and training are key components of Vietnam’s strategy to integrate crypto assets into its economy. The new law supports several significant initiatives, including blockchain research and development, tax cuts to drive innovation, and the launch of a national platform for secure digital transactions. Additionally, the development of digital ID instruments and skill training in AI, cybersecurity, and blockchain will prepare the future workforce for Vietnam’s digitalized economy.

Before the law comes into effect, Vietnam will implement exchange and custody licensing rules, tax rules under the CARF framework for crypto assets, and auditing and reporting standards. These guidelines will ensure a smooth adaptation for platforms and users by 2026. Vietnam joins Brazil, El Salvador, and the UAE in regulating digital currencies, boasting self-sufficient laws on crypto assets and clear guidelines on definition, compliance, licensing, and cybersecurity.

Vietnam’s legalization of crypto assets provides a structured and directed framework for what was previously an uncertain space. This change is expected to increase market confidence and adoption, potentially making Vietnam a significant hub in the global crypto economy. With rising interest and clearer regulations, Vietnam is positioning itself as a key player in the crypto space, deserving close attention as 2026 approaches.