Vietnam Legalizes Crypto with New Regulatory Framework

Vietnam’s National Assembly has passed a law recognizing crypto assets, effective January 1, 2026.

Vietnam’s move towards regulatory clarity is expected to increase foreign investment and technological innovation.

The Vietnamese government, through its National Assembly, has officially passed a law to recognize and regulate crypto assets. This legislative initiative marks a significant evolution by providing a clearer legal framework, effective from January 1, 2026.

This initiative involves key actors like the Ministry of Information and Communications and the Ministry of Finance. These ministries will oversee the regulatory aspects of crypto assets, a shift from previous regulatory uncertainty to structured governmental management. “This legislative move places Vietnam among the first Southeast Asian countries to legally define and regulate crypto assets under a specific ‘Digital Technology Industry Act.'” – Official Government Portal

The law is expected to catalyze growth in digital finance and blockchain technology within Vietnam. By offering licensing and incentives, it encourages established and new businesses to engage in the crypto sector under regulated conditions.

Financial implications include regulated exchanges and market participation, potentially increasing liquidity and investment interest. Exclusions apply to fiat-backed stablecoins and regulated financial assets, focusing primarily on true decentralized cryptocurrencies.

Analysts predict increased activity in Vietnam’s blockchain space as regulatory clarity attracts developers and investors. This legislative change is considered a bold step, setting a precedent for improvement in digital asset management.

Potential outcomes include enhanced institutional investment and technological innovation, with expectations of robust growth in blockchain adoption. Vietnam may emerge as a leading hub for blockchain and Web3 innovation in Southeast Asia.