Vietnam has approved a historic bill to create an organized legal environment for digital assets. The new legislation, which is called the law in the digital technology industry, will become valid in January 2026.
This sets the basis for organized encryption activity and is designed to enable emerging industry growth.
Vietnam reveals the bold encryption law
according to ReportsThe new law officially recognizes digital assets and divides it into two main categories of virtual assets and encryption assets.
Crystation assets are digital tools that rely on encryption and encryption techniques to create, issue, store and transfer. These include symbols used to verify the authenticity of transactions and verify ownership on distributed networks.
In contrast, virtual assets are used primarily for trading or investment purposes. They do not include tools such as securities, stablecoins, digital central bank currencies (CBDCS) or other organized financial products.
The legislation gives the government’s authority to determine these classifications, setting working conditions, and overseeing its operations.
It also imposes relevant agencies on the imposition of Money Funding Financing Standards (AML) and anti -terrorist financing (CTF) to protect the safety of the ecosystem.
Behind the regulation of encryption, the law sets the basis for broader technological progress.
It provides policies to enhance digital infrastructure in Vietnam and nursery growth in areas such as artificial intelligence, semiconductor, and high -tech manufacturing.
According to the report, technological companies that work on digital products or advanced computing systems will be able to reach various incentives. These support for research and development, talent training, and construction of cooperative infrastructure.
This comprehensive approach is in line with Vietnam’s ambition to become a competitive player in the digital economy. according to seriesThe country is currently ranked fifth around the world in the adoption of encryption, which indicates strong local demand.
Industry players believe that the official framework will help Vietnam to attract more investment and put himself as a serious competitor alongside well -known Blockchain centers like Singapore.
It is worth noting that the organizational batch in Vietnam follows the recent efforts of the Ministry of Finance to launch a pilot commercial platform for encryption with the support of the BYBIT Exchange.
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