Vietnam finally legalizes crypto! What does this mean for the Southeast Asian ecosystem?

Jakarta, Pintu News – The Vietnamese government has just passed a new law that is an important milestone in the legalization and regulation of digital assets, including cryptocurrencies. The law, titled Law on Digital Technology Industry, will come into effect in January 2026 and is aimed at building a legal and secure digital ecosystem.

This move makes Vietnam one of the first Southeast Asian countries to explicitly recognize and classify crypto within its national legal framework. This article will review the content, purpose, and potential impact of this regulation on regional and global cryptocurrency markets.

New Legal Structure: Classification of Digital Assets in Vietnam

In this law, Vietnam divides digital assets into two main categories: crypto assets and virtual assets. Crypto assets include digital instruments created and managed through encryption and blockchain technology, including tokens used to validate transactions on distributed networks. In contrast, virtual assets are more widely used for trading or investment purposes, and do not include instruments such as stablecoins, securities, or central bank digital currencies (CBDCs).

The government is authorized to determine classification criteria, set operational requirements for related businesses, and supervise their activities. In addition, the regulation emphasizes compliance with anti-money laundering (AML) and terrorism financing (CTF) standards. This is to ensure the integrity of Vietnam’s rapidly growing digital financial system.

Also Read: Vietnam Officially Recognizes Bitcoin and Other Digital Assets!

Regulative Measures to Stimulate Digital Economy

This law not only regulates crypto activities, but is also designed as a strategic foundation to accelerate the growth of Vietnam’s digital technology sector. The government introduced policies that support the development of artificial intelligence (AI), semiconductors, and high-tech manufacturing industries. Technology companies involved in the development of advanced computing systems will have access to various incentives.

The support includes research and development funding, workforce training, and collaborative infrastructure development. The long-term goal is to make Vietnam a competitive player in the global digital economy market. The move is seen as a proactive way to attract foreign investment, particularly in the technology and crypto fields.

Vietnam Prepares to Become a New Crypto Hub in Southeast Asia

Vietnam currently ranks fifth in the global crypto adoption index according to Chainalysis. With strong domestic demand and proactive regulatory measures, the country has the potential to compete directly with established blockchain hubs like Singapore. Many industry players think that this legal clarity will be a magnet for crypto investors and project developers.

As part of the implementation strategy, Vietnam’s Ministry of Finance is also working with crypto exchange Bybit to launch a pilot digital asset trading platform. This move is a strong signal that the government is not only providing a legal umbrella, but also setting up supporting infrastructure. With initiatives like these, Vietnam is expected to further strengthen its position on the global cryptocurrency map.

Conclusion

Vietnam’s decision to legalize and regulate cryptocurrencies through a new law marks a new era for digital development in the Southeast Asian region. With a clear legal structure and pro-technology policies, the country is on a promising path to becoming a hub for crypto growth and technological innovation. For investors, developers, and users alike, Vietnam is now a country to watch in the global cryptocurrency evolution landscape.

Also Read: Ripple (XRP) Legal Case: Strong Arguments in Joint Motion Revealed!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto.Vietnam Legalizes Crypto Under New Law. Accessed June 13, 2025.
• Featured Image: Generated by AI