Crypto News: Adoption Gains Pace As Vietnam Approves New Digital Tech Law
Crypto adoption is rapidly scaling up this year, as news updates abound about countries opening doors to digital assets, accepting their utility, and pronouncing their legality.
More recently, Vietnam’s National Assembly green lighted the Law on Digital Technology Industry. Under this law, crypto assets have been legalized.
Crypto Regulation In Vietnam
Under the newly passed Digital Tech Law in Vietnam, digital assets have been classified as “virtual assets” or “crypto assets.” Digital representations of fiat currencies, securities, or other financial instruments are not included under this definition within the said Act.
Under this law, crypto assets refer to encrypted digital tokens used for the transfer and…
