How Vietnam is using crypto to fix its FATF reputation
Key takeaways
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On June 14, 2025, Vietnam’s National Assembly approved the Law on Digital Technology Industry, effective Jan. 1, 2026.
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Vietnam’s crypto regulation is part of a broader effort to meet FATF standards after being gray-listed in 2023 due to AML/CFT deficiencies.
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The law distinguishes between crypto assets (e.g., Bitcoin, Ether) and virtual assets (non-financial digital items), excluding CBDCs and securities.
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The law mandates identity checks, transaction monitoring and reporting obligations to detect and prevent digital asset fraud, addressing enforcement gaps.
On June 14, 2025, Vietnam’s National Assembly passed the Law on Digital Technology Industry, signaling a significant shift in how the country manages digital assets….
