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Vietnam will recognize crypto as property starting January 2026
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The law introduces tax breaks and startup incentives
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Regulation divides tokens into four categories
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Aims to enhance Vietnam’s crypto reputation and AML standards
Landmark Legislation Legalizes Crypto Holdings
Vietnam’s National Assembly has passed a law to officially recognize cryptocurrencies as property under civil law, becoming one of the first Southeast Asian nations to establish a comprehensive legal framework for digital assets. The legislation takes effect on January 1, 2026.
Token Classification Brings Regulatory Clarity
The new law classifies crypto into four groups: security tokens, payment tokens, utility tokens, and mixed tokens. This formal distinction enables regulatory oversight while accommodating diverse use cases across sectors like finance, gaming, and e-commerce.
Support for Startups and Local Talent
Vietnam’s government is offering tax breaks, subsidies, and special visas to crypto startups and developers. The goal is to retain local talent and boost homegrown innovation, a strategy aligned with the country’s broader 8% economic growth target.
Improving Global Compliance Profile
With this move, Vietnam joins the ranks of the EU and Dubai in implementing tailored crypto regulation. The country ranked fifth in Chainalysis’ 2024 Global Crypto Adoption Index but remains on the FATF grey list. The law is expected to help address anti-money laundering gaps and strengthen Vietnam’s international financial credibility.
