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Vietnam Lawmakers Approve Digital Technology Industry Law That Recognizes Cryptocurrencies
In a significant move, lawmakers in Vietnam have approved a new law specifically focused on the digital technology industry, effectively recognizing cryptocurrencies as legitimate assets. The newly passed legislation aims to create a favorable environment for blockchain innovation and development within the country.
The law, which is set to take effect from January 1st, 2026, is a major breakthrough, as it provides a clear regulatory foundation for digital assets. Notably, Vietnam has become the first nation worldwide to enact such a standalone law dedicated exclusively to the digital technology industry.
In addition to recognizing cryptocurrencies, the new law also emphasizes integrating digital tech skills into national curricula and developing transparent infrastructure for digital identity. This development highlights Vietnam’s commitment to embracing innovation and digital transformation within its borders.
Accordingly, this move is expected to attract more foreign investment in the country’s digital asset space. The new law demands that regional authorities support workforce development through subsidies and training programs, enabling education policies to integrate digital skills into national curricula.
Notably, the new legislation requires the government to establish specific business conditions, classifications, and oversight mechanisms for both virtual assets and cryptocurrencies.
Source: usethebitcoin.com
