On August 24, the National Assembly of Vietnam passed amendments to the Law on the State Bank of Vietnam (SBV), the Law on Anti-Money Laundering, and the Law on Credit Institutions. In a significant development for digital asset markets, the amendments outline 15 “suspicious indicators” for cryptocurrency transactions that must be reported to SBV. These indicators include multiple high-value digital asset transactions conducted within a short period without a clear business purpose, as well as repeated deposits and withdrawals shortly after establishing a customer relationship.
The Law amendments will take effect in December this year, reflecting concerted efforts to strengthen oversight of one of ASEAN’s most active cryptocurrency markets. Vietnam remains on the Financial Action Task Force (FATF) grey list, and its most recent country review in June identified weaknesses in suspicious-transaction reporting, among other areas. These amendments build on Vietnam's Law on Digital Technology Industry passed in 2025 and was the first in Vietnam to formally recognize digital assets. As Vietnam prepares its pilot scheme for locally run and licensed cryptocurrency exchanges, robust regulatory and reporting requirements have become increasingly important.
