Vietnam legalizes crypto to become tech hub, cracking down on crypto scams
From Cointelegraph
June 15, 2025 06:04 am:
- The National Assembly of Vietnam passed the Law on Digital Technology Industry, effective Jan. 1, 2026, regulating crypto and virtual assets. The law aims to foster digital innovation and establish cybersecurity and Anti-Money Laundering measures in line with international standards.
- Vietnam’s new legislation aims to position the country as a digital tech hub, offering incentives to AI, semiconductor, and digital infrastructure companies. The government plans to support workforce development and integrate digital tech skills into national education policies.
- Vietnamese police cracked down on a fake crypto mining platform scam, arresting individuals behind the BitMiner operation. Another elaborate crypto scam, Million Smiles, defrauded businesses and individuals, leading to preventative action by the Hanoi City Police Department.
- Vietnam’s efforts to regulate digital assets and promote digital innovation reflect a broader trend in emerging markets leading crypto adoption. The country’s proactive approach to cybersecurity and Anti-Money Laundering measures align with international norms, addressing concerns raised by the FATF.
Read more at Cointelegraph: Vietnam Legalizes Crypto, Targets Global Tech Leadership