Vietnam has legalized cryptocurrency through the new Law on Digital Technology Industry, approved by the National Assembly, effective January 1, 2026.
This legalization aims to position Vietnam as a leader in digital technology, potentially boosting investment and innovation in the cryptocurrency sector.
Vietnam Sets 2026 for Crypto Legal Framework Launch
The Law on Digital Technology was drafted by the Ministry of Science and Technology, marking a pivotal shift in Vietnamโs digital asset landscape. Effective January 1, 2026, it demonstrates the countryโs commitment to crypto regulation.
Effective January 1, 2026, the lawโdrafted by the Ministry of Science and Technologyโsignals Vietnamโs ambition to become a digital powerhouse.โ โ Ministry of Science and Technology, Vietnam Government
The Ministry of Finance and the State Bank of Vietnam have been directed to implement the regulatory framework, as per the Prime Ministerโs directives. This legally integrates cryptocurrencies into the financial system, separating them from traditional securities.
Tax Incentives Aim to Attract Crypto Investment
With the new law, Vietnam seeks to attract substantial domestic and international investment, offering tax incentives and innovation hubs. The legal framework anticipates changes in transaction volumes and enhanced liquidity flows within local crypto markets.
The regulatory clarity is expected to align Vietnam with global standards and improve its financial standing. Previous similar reforms in countries like Japan resulted in surges in trading and web3 investmentโa trend Vietnam hopes to replicate.
Vietnam Joins Japan, South Korea in Crypto Regulation
Like Japanโs 2017 Bitcoin recognition and South Koreaโs crypto frameworks, Vietnamโs action is a first in its history. These precedents led to substantial domestic trading increases and could guide Vietnamโs outcomes.
Experts from Kanalcoin predict positive impacts on Vietnamโs crypto ecosystem based on data and past trends. Legal clarity and global alignment are believed to entice investment, fostering a robust digital economy.
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