On June 14, 2025, Vietnam's National Assembly approved the Law on Digital Technology Industry, set to take effect on January 1, 2026, as part of its strategy to address its FATF gray-list status due to AML/CFT deficiencies. This law provides clear regulatory distinctions between crypto assets and virtual assets while implementing compliance measures such as identity checks and transaction monitoring to prevent digital asset fraud. Vietnam aims to enhance its financial reputation by fully implementing an FATF action plan, addressing issues like weak oversight and inadequate customer due diligence. The legislation entails legal recognition for crypto, regulatory clarity for businesses, and strong incentives for tech firms, all fostering a cooperative digital economy. With this framework, the government hopes to boost investor confidence and attract global venture capitalists, working towards exiting the gray list and establishing Vietnam as a regional leader in digital innovation.

Source đź”—