Vietnam, which Trump values highly, has officially recognized cryptocurrencies.

Vietnam, one of the important trading countries in South Asia and which Trump has placed great importance on regarding tariffs, has officially recognized cryptocurrencies. The Digital Technology Industry Law, adopted on June 14, oversees this area.

This law, which will come into effect at the very beginning of 2026, divides digital assets into two categories: virtual and crypto. Within these two groups, securities, CBDCs, and other financial instruments will not be included.

With the new regulation, the government will establish clear and transparent rules and oversight mechanisms for crypto companies. Additionally, the law mandates compliance with international standards such as cybersecurity and anti-money laundering. This step is seen as part of Vietnam's efforts to exit the (FATF) gray list, where it has been since 2023.

The Axie Infinity craze was born in Vietnam

The coronavirus pandemic that particularly began in 2020 had led to great interest in the crypto-based game Axie Infinity. Axie Infinity originated from Vietnam and had seen tremendous interest, especially in the Southeast Asian region.

Trump attaches great importance

Vietnam, which is one of the leading countries in technology, has also been in the spotlight recently due to tariffs. Serious trade negotiations between Vietnam and the USA are still ongoing. The USA is trying to reach an agreement with Vietnam to establish a production chain independent of China.

The US has imposed tariffs of up to 46% on some goods from Vietnam, but like many countries, it had postponed this tax until July 9.

Due to the tensions with China, Vietnam's exports to the U.S. had increased by 42% in May.

Published: June 16, 2025 14:39Last Updated: June 16, 2025 14:42