Vietnam passes digital technology bill to legalize cryptocurrency, expected to take effect on January 1 next year

Odaily News Vietnam's National Assembly approved the Digital Technology Industry Act on June 14, bringing digital assets under regulatory jurisdiction. The bill will take effect on January 1, 2026, recognizing crypto assets and laying the foundation for broader digital innovation across Vietnam. It is reported that the bill divides digital assets into two categories: virtual assets and crypto assets. Although both rely on encryption or digital technology for verification and transfer, neither includes securities, digital legal tender or other financial instruments. The current task of regulators is to outline the specific business conditions, classification and supervision mechanisms for these types of assets. (Cointelegraph)