Vietnam Legalizes Crypto: Pi Network Set to Become the Backbone of Asia’s Digital Revolution
HANOI — Vietnam has made history in the world of technology by officially passing the Digital Technology Industry Law, a landmark legislation that legally recognizes digital assets and cryptocurrencies. Set to take effect on January 1, 2026, this law positions Vietnam as a pioneer in crypto regulation in Southeast Asia and strengthens the role of Pi Network as a key player in building the region’s blockchain infrastructure.
A New Era for Digital Assets in Vietnam
On June 14, 2025, Vietnam’s National Assembly voted overwhelmingly to pass the law, with 441 out of 445 members in favor. The legislation aims to address the regulatory vacuum that has surrounded digital assets in Vietnam, providing clarity and legal protection for one of the world’s fastest-growing crypto markets.
The law defines digital assets under three categories:
-
Cryptocurrencies, which rely on encryption technology for their creation, issuance, storage, and transfer.
-
Virtual assets, used primarily for investment or exchange purposes.
-
Other electronic assets, linked to digital technology advancements.
Crucially, the law excludes electronic representations of fiat currencies, securities, and other financial instruments from being classified as digital or virtual assets.
Vietnam’s Vision to Become Asia’s Tech Powerhouse
The passage of this law is part of Vietnam’s larger strategy to transform into a leading digital economy by 2035. The government’s ambitious plan includes establishing 150,000 digital technology enterprises, supporting them through tax breaks, import duty exemptions, and dedicated land for strategic projects.
 |
| Source: X |
Investments exceeding $80 million in data centers or $160 million in semiconductor manufacturing facilities will receive additional incentives. Vietnam is also reforming its national education system to ensure future generations are equipped with skills in blockchain, artificial intelligence, and other key digital technologies.
Pi Network: The Rising Star in Vietnam’s Blockchain Ecosystem
Among the digital platforms set to benefit from this historic legislation, Pi Network stands out. Vietnam currently hosts over 50% of Pi Network nodes globally, making it the backbone of the project’s decentralized infrastructure. With legal certainty now in place, Pi Network is expected to play a crucial role in shaping the country’s digital transformation.
Pi Network began as a mobile-first mining initiative, enabling users to mine Pi coins without the need for expensive, energy-intensive hardware. Today, it is evolving into a comprehensive ecosystem aimed at delivering real-world blockchain utility — from payments and commerce to decentralized applications.
The legal framework will allow Pi Network to accelerate partnerships with domestic and international businesses, expanding its reach across various sectors of Vietnam’s digital economy.
Consumer Protection and Restoring Trust
Vietnam’s decision to regulate digital assets also stems from hard lessons learned through crypto-related scams in the past, such as the notorious BitMiner and MTC schemes. The new law mandates that businesses operating in the digital asset space comply with anti-money laundering standards and consumer protection requirements.
This legal protection is expected to restore public trust, attract institutional investment, and make Vietnam one of the most promising crypto hubs in Asia.
Economic Impact and Global Implications
With regulatory clarity, Vietnam is set to attract substantial foreign and domestic investment in blockchain, artificial intelligence, and semiconductor industries. Pi Network, with its strong community base and technological potential, is well positioned to lead this new wave of innovation.
The government’s support for blockchain-based projects is likely to accelerate the adoption of Pi for everyday transactions, supply chain solutions, and financial services. Vietnam’s regulatory model could even serve as a blueprint for other nations in the region seeking to balance innovation with consumer protection.
Conclusion: Pi Network and Vietnam’s Digital Future
The passing of the Digital Technology Industry Law marks the beginning of a new chapter for Vietnam and Asia’s blockchain future. It signals a bold commitment to fostering a transparent, secure, and innovative digital economy. Pi Network, with the world’s largest share of nodes located in Vietnam, is poised to be a major driver of this transformation.
As Vietnam charts its course toward becoming a regional leader in digital technology, Pi Network is ready to help turn vision into reality — building a decentralized, fair, and community-powered future that benefits millions.
Source: hokanews.com
Disclaimer
