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Vietnam has officially legalized cryptocurrencies, including Bitcoin, marking a significant shift in its digital economy strategy. The new law aims to attract global investors and position Vietnam as a regional tech leader. This move underscores the country’s commitment to fostering innovation in blockchain, AI, and semiconductors.
- Vietnam's new law divides digital assets into two categories: virtual assets (e.g., in-game tokens) and crypto assets (e.g., Bitcoin).
- The Law on Digital Technology Industry takes effect in 2026, reinforcing Vietnam's commitment to blockchain and emerging technologies like AI and semiconductors.
- Bitcoin's price rose slightly amid the news, reflecting growing investor confidence in crypto-friendly regulatory developments.
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