On June 14, 2025, Vietnam's National Assembly passed the Law on Digital Technology Industry, effective from January 1, 2026. This law distinguishes between crypto assets and virtual assets while mandating identity checks and transaction monitoring to prevent fraud. It aims to address the Financial Action Task Force's concerns following Vietnam's gray-listing in 2023 due to AML/CFT deficiencies. The law provides a comprehensive framework that includes licensing requirements and compliance mechanisms, positioning Vietnam as a digital economy hub and boosting investor confidence in the cryptocurrency sector.
Vietnam's National Assembly approved the Law on Digital Technology Industry on June 14, 2025, effective January 1, 2026, signaling a significant regulatory shift for digital assets.
The law introduces definitions for crypto assets and virtual assets, with mandatory identity checks and transaction monitoring to prevent digital asset fraud.
By regulating its cryptocurrency sector, Vietnam aims to address FATF concerns, enhance investor confidence, and position itself as a leading digital economy hub in Southeast Asia.
This comprehensive legal framework aligns with international standards while classifying digital assets and implementing strict compliance measures to facilitate Vietnam's FATF comeback strategy.
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