Vietnam’s new digital law brings crypto into the legal fold
Vietnam has taken an official step toward legitimizing and regulating its digital economy with the passage of the Law on Digital Technology Industry—its first comprehensive legal framework recognizing crypto assets.
The legislation not only distinguishes between virtual and crypto assets but also aligns the country with global anti-money laundering standards, potentially paving the way for removal from the Financial Action Task Force’s (FATF) gray list.
Vietnam’s presence on the FATF gray list since 2023 has created compliance challenges for local financial institutions and increased scrutiny of cross-border transactions.
Vietnam establishes a two-tier classification system
The National Assembly…
