How Vietnam Is Using Crypto to Fix Its FATF Reputation

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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,…



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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,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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