Vietnam officially brings encrypted assets under regulation through the Digital Technology Industry Law

According to BlockBeats, on June 15th, the Vietnamese parliament passed the "Digital Technology Industry Law" on June 14th, which for the first time included encrypted assets in the national legal regulatory system. The bill will come into effect on January 1, 2026. According to local media reports in Vietnam, the passage of the law not only recognizes the legal status of encrypted assets, but also paves the way for broader digital innovation nationwide. The new law divides digital assets into two categories: virtual assets and encrypted assets. Although both rely on encryption or digital technology for verification and transfer, they do not include securities, digital fiat currencies, or other financial instruments. The government will be responsible for formulating relevant operating conditions, classification standards, and regulatory mechanisms in the next step. The law also requires cryptocurrency activities to comply with international norms such as cybersecurity and anti money laundering (AML), apparently in response to regulatory concerns from the Financial Action Task Force (FATF) regarding Vietnam. Since 2023, Vietnam has been on the "grey list" of FATF.