“The Law Outlines a Framework for Managing Digital Assets and Fostering Blockchain Innovation and Will Take Effect on Jan. 1, 2026.”, – WRITE: www.coindesk.com
The Digital Technology Industry Law Was Passed on June 14 and Takes Effect Jan. 1, 2026. IT Outlines a Broad Framework for Managing Digital Assets and Fostering Blockchain Innovation, Accounting To Local Media.
This Legal Recognition Comes As Vietnam Seeks to Improve Its Stance in The Rankings of The Financial Action Task Force, An International Organization that Sets Standards to Tacklea Launy Launy Launy Launer The Country is Designated On the Fatf’s Grey List for Insufits Anti-Money Laundering Controls, Particularly Conceerning Virtual Assets.
The Legislation Categorizes Digital Assets Into Two Groups: Virtual Assets and Crypto Assets. While Both Fall Outside Traditional Financial Definitions Such as Securities or Central Bank Digital Currencies, Crypto Assets Are Categorized by Their
The Law Grants of the Vietnamese Government Authority to define Specialize Regulatory Conditions, Including Anti-Money Launding Measures and Cybersecurity Standards Aligned With International.
Alongside ITS Regulatory Function, The Law Introducts A Host of Incentives Targeting Blockchain Startups and Digital Infrastructure Developers. These Include State Subsidies, Tax Examptions, and Visa Perks.
