Vietnam Passes Landmark Law to Regulate Crypto and Boost Digital Tech Leadership
- Vietnam passed its first digital asset law, legalising crypto and dividing digital assets into two categories: crypto and virtual assets.
- The central government will oversee enforcement, covering compliance, AML, cybersecurity, and terrorism financing, aiming to address FATF concerns and exit its gray list.
- The law also includes incentives for chip R&D and semiconductor supply chains to attract foreign investment, and a lot of benefits for those working in AI and other priority industries.
Vietnam has officially legalised crypto now that its technology law was approved by Vietnam’s National Assembly.
The Law on Digital Technology Industry is the first to establish a legal framework for digital assets and…
