How Vietnam is using crypto to fix its FATF reputation
On June 14, 2025, Vietnam's National Assembly passed the Law on Digital Technology Industry, effective January 1, 2026, establishing regulations for the cryptocurrency sector. This law aims to improve Vietnam's financial reputation and facilitate its exit from the FATF gray list. It creates a legal framework for digital assets, classifying them and setting licensing and compliance standards aligned with international norms. The law addresses FATF concerns by enhancing AML and CFT measures, improving regulatory oversight, and enabling international cooperation against digital asset fraud. It also offers tax incentives and support for blockchain startups, promoting Vietnam as a digital economy hub. The legislation is crucial for attracting global investors and enhancing Vietnam's financial integrity.
