Vietnam’s National Assembly passed the Law on Digital Technology Industry on June 14, 2025, legalizing crypto assets and setting a framework effective January 1, 2026, surprising many given the country’s prior ban on Bitcoin mining equipment imports since 2021.
Chainalysis 2024 Global Crypto Adoption Index ranks Vietnam fifth globally for crypto use, with 17 million citizens engaged, a statistic backed by peer-reviewed blockchain traffic analysis, suggesting this legalization taps into an existing $100 billion market.
The law categorizes digital assets into ‘crypto assets’ and ‘virtual assets,’ diverging from mainstream financial models by excluding them from securities, aiming to balance innovation with anti-money laundering standards per international guidelines.
