Vietnam's National Assembly passes first-ever law on digital assets

Vietnam has officially adopted its first Digital Economy Law, which introduces clear regulations for cryptocurrencies. The legislation, passed by the National Assembly on June 14, distinguishes between the concepts of «virtual assets» and «cryptoassets» while excluding securities and fiat currencies from these categories. The law will take effect in 2026, allowing businesses and regulators time to adapt.

Cryptoassets are now defined as digital instruments that use encryption to verify transactions. Authorities are granted the power to establish rules for their circulation, including licensing requirements and measures to combat money laundering. This aligns with recommendations from the Financial Action Task Force (FATF). As noted by crypto.news, such steps could help the country exit the "gray list" for non-compliance with economic oversight standards.

Beyond crypto market regulation, the law promotes the development of high-tech sectors—artificial intelligence, microelectronics, and digital infrastructure. The government plans to support skilled professionals, build data processing centers, and offer tax incentives to companies operating in priority economic areas.