Vietnam passes its first crypto law, effective January 2026.

Smart nations are embracing Crypto

Vietnam, a country that has an extremely large number of PiNetwork pioneers, has just passed a new crypto law. With effect from January 1, 2026, Vietnam enacts its first law acknowledging cryptocurrency and digital assets. This action could help Vietnam get off the FATF's grey list and clean up the industry.  Country's comprehensive new law LEGALISES cryptocurrency. laying the groundwork for the expansion of AI, semiconductors, and digital assets beginning in 2026! The law provides a clear regulatory framework for crypto , marking a major step for blockchain innovation in the country.

The South Asian country is among the first nations to fully control crypto assets through specialised legislation as opposed to conventional financial frameworks, having enacted the Rule on Digital Technology Industry with 441 votes out of 445 parliamentarians in attendance. A serious issue that has compelled Vietnamese IT and cryptocurrency firms to migrate their operations to Singapore and other countries with more lucid legislation is addressed by the legislation.

According to local media sources, the new law establishes three primary categories: crypto assets, which employ encryption technology to authenticate assets during creation, issue, storage, and transfer; virtual assets, which can be utilised for investment or exchange purposes; and other electronic assets.

Under current civil and financial regulations, securities, electronic representations of fiat money, and other financial instruments are expressly excluded from both virtual and crypto assets. Despite the legal ambiguity, country has seen a dramatic increase in the usage of cryptocurrencies; in 2024, blockchain analytics company Chainalysis ranked Vietnam seventh internationally in this regard. During 2023–2024, Country received around $105 billion in blockchain market investments, the majority of which came through offshore schemes that had no positive impact on the country's economy.

Vietnam aims to become a powerhouse by 2035.

Vietnam's legislation aims to become a regional technology powerhouse by 2035, aiming to create 150,000 digital technology enterprises. This expansion is supported by tax incentives and state investment. Companies developing semiconductors, AI systems, and digital infrastructure can receive low corporate income tax rates for 15 years, exemptions from import duties, and land rental fees. Large-scale projects investing over $80 million in data centers or $160 million in semiconductor facilities are eligible for special incentives.

Major tax and R&D incentives to boost AI and semiconductors.

Vietnam wants to play a global tech role. Beyond cryptocurrency, the law reflects Vietnam's goal of becoming a centre for digital technology. It offers broad incentives to businesses engaged in digital infrastructure, semiconductors, and artificial intelligence. These include land-use privileges, tax exemptions, and R&D assistance, especially for companies developing fundamental technologies like AI data centres and chip design.

Education policies will include digital tech skills into national curricula, and regional governments are instructed to assist workforce growth through training initiatives and subsidies. The Vietnamese government declared, "With this action, Viet Nam has become the first country in the world to enact a standalone law specifically dedicated to the crypto technology industry."

Protecting Against Cryptocurrency Fraud

Vietnam is enacting legislation to combat cryptocurrency fraud, following high-profile cases such as the MTC scam and BitMiner scam. These cases highlighted the need for regulatory clarity and consumer protection measures. The new law aims to create a safer environment for legitimate cryptocurrency activities by requiring consumer protection provisions and AML requirements. The legislation aims to protect investors from fraudulent activities and ensure a safer environment for cryptocurrency transactions.