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Vietnam’s Nationwide Meeting gave its stamp of approval to a brand new digital tech legislation on June 14. It brings crypto property beneath formal guidelines for the primary time. It additionally units out a wider push into AI, semiconductors and extra.
Authorities Classifies Digital Property
In accordance with native media shops, the legislation teams digital holdings into two buckets: digital property and crypto property. Each should use encryption or different digital tech to maneuver or affirm transactions.
Neither group covers securities, digital fiat cash or every other monetary instruments. Lawmakers have till January 1, 2026 to spell out who can challenge, commerce or maintain these tokens—and what guidelines they have to comply with.
Vietnamese legislators vote to approve the legislation on digital expertise on June 14, 2025. Supply: Nationwide Meeting information portal.
Regulatory Guidelines And Safeguards
Based mostly on stories, the legislation calls for new anti‑cash laundering and cybersecurity steps that match international norms. Vietnam has sat on the FATF grey record since 2023, and officers clearly wish to shut that chapter. Businesses will draw up detailed checks on transactions and platforms earlier than the legislation takes impact.
Bold Tech Incentives
The laws goes effectively past crypto. It presents tax breaks, cheaper land leases and R&D grants for firms in AI, chip design and information‑heart builds. Regional governments should again coaching applications for engineers and tech employees.
Colleges will add digital expertise into their programs, too. It’s all a part of an even bigger bid to rival hubs like Singapore, Seoul and Shenzhen.
Previous Crypto Scams Encourage Motion
Lawmakers haven’t forgotten the frauds that hit the market in 2024 and 2025. In February 2025, police rounded up 4 folks behind BitMiner, a pretend mining web site that took greater than 4 billion VND (about $157,300) from over 200 victims.
And again in December 2024, Hanoi cops stopped a scheme referred to as Million Smiles earlier than it drew in 300 would‑be buyers. That rip-off had already stolen 30 billion VND (round $1.17 million) from roughly 100 companies and 400 people by promoting a bogus “Quantum Monetary System” token.
The brand new legislation is a transparent sign that Vietnam needs to form its personal tech future. By January 1, 2026, firms and customers will face contemporary guidelines—and contemporary probabilities. If regulators keep on with the plan, actual tasks ought to discover a welcome dwelling.
But when the rollout will get sluggish or half‑hearted, grey‑record worries and extra scams may comply with. For now, the countdown is on.
Featured picture from Unsplash, chart from TradingView
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