Vietnam Legalizes Crypto and Mining with Bold New Digital Tech Law

Vietnam has enacted a landmark Law on the Digital Technology Industry, set to take effect January 1, 2026. The legislation formally recognizes cryptocurrency assets and mining operations while establishing regulatory frameworks for user protection and technological development. This positions Vietnam among the vanguard of nations crafting comprehensive digital asset regulations—the first to implement a dedicated digital tech statute.

The law introduces critical distinctions between VIRTUAL assets and crypto assets, explicitly excluding digital fiat currencies and securities. Government oversight will determine permissible crypto business activities, including trading, exchange, and mining operations. Rigorous cybersecurity and anti-money laundering protocols align with global standards—a strategic move to rehabilitate Vietnam''s standing after its 2023 FATF gray-listing.

Market observers note the legislation addresses systemic vulnerabilities exposed by crypto mining scams, creating legal safeguards for participants. The regulatory clarity may accelerate institutional adoption and position Vietnam as a regional hub for blockchain innovation.