How Vietnam Is Using Crypto to Fix Its FATF Reputation

Key takeaways

• On June 14, 2025, Vietnam’s National Assembly approved the Law on Digital Technology Industry, effective Jan. 1, 2026.

• Vietnam’s crypto regulation is part of a broader effort to meet FATF standards after being gray-listed in 2023 due to AML/CFT deficiencies.

• The law distinguishes between crypto assets (e.g., Bitcoin, Ether) and virtual assets (non-financial digital items), excluding CBDCs and securities.

• The law mandates identity checks, transaction monitoring and reporting obligations to detect and prevent digital asset fraud,…