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Vietnam legalizes crypto under new digital technology law

Vietnam's new digital tech law brings crypto assets under regulation and introduces bold incentives for AI and semiconductor industries, positioning itself for global tech leadership.
Vietnam has officially legalized cryptocurrency transactions and set ambitious goals for digital technology development, as announced by the Vietnamese government on January 12, 2023. The new decree, effective immediately, recognizes cryptocurrencies as a legitimate means of payment and investment, aiming to foster innovation and attract foreign investment in the burgeoning digital economy. Alongside this, Vietnam plans to enhance its digital infrastructure, promote blockchain technology, and establish a national strategy to become a leading digital nation by 2030. This move is expected to significantly boost the country's fintech sector and position Vietnam as a key player in the global cryptocurrency market.

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