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Vietnam has officially exited the crypto ‘grey zone’ with the passage of the Law on Digital Technology Industry. The new legislation, effective January 2026, introduces licensing, AML safeguards, and tax rules for digital assets, positioning Vietnam as a key regulated crypto market in Southeast Asia.
- Vietnam's new law divides digital assets into 'crypto assets' (strictly regulated) and 'virtual assets' (looser rules), balancing innovation with control.
- The legislation includes FATF-style AML safeguards, aiming to get Vietnam off the FATF 'grey list' and boost cross-border capital flows.
- Vietnam offers incentives like R&D tax breaks and blockchain sandboxes to grow its digital economy, projected to reach $45 billion GMV by year-end.
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