Vietnam Legalises Crypto With New Digital Technology Law

Vietnam’s National Assembly has passed the Law on Digital Technology Industry, bringing crypto assets under regulatory oversight, according to a report by Cointelegraph. The legislation, which will take effect on January 1, 2026, classifies digital assets into two categories: virtual assets and crypto assets, and excludes digital fiat, securities, and other financial instruments.

According to the report, the Vietnamese government will establish detailed regulations, business conditions, and oversight mechanisms for these assets. The law also incorporates cybersecurity and anti-money laundering rules consistent with international norms, while addressing concerns raised by the Financial Action Task Force (FATF), which had placed Vietnam on its gray list in 2023.

Beyond cryptocurrency, the legislation supports digital innovation by providing tax breaks, land-use perks, and funding for research and development (R&D) for industries, such as artificial intelligence (AI), semiconductors, and digital infrastructure.

Brazil Implements 17.5 Per Cent Flat Tax On Digital Asset Gains

Brazil has implemented a flat 17.5 per cent tax on all profits from digital assets, while simultaneously discontinuing the tax exemption for small cryptocurrency earnings. The new rule, effective from June 12, 2025, under Provisional Measure 1303, removes the previous exemption on gains below 35,000 Brazilian reals (approx. $6,300) and replaces the progressive tax structure that reached up to 22.5 per cent.

According to a report by Cointelegraph, the flat rate now applies equally to all investors, thus raising the burden for small traders, while potentially lowering it for high-net-worth individuals. The measure also expands taxation to include self-custodied and foreign-held crypto assets. Taxes will be assessed quarterly with loss deductions allowed over five previous quarters but shortened from 2026 onward.

The reform also imposes a 5 per cent tax on previously exempt fixed-income products and raises the betting tax from 12 per cent to 18 per cent. Separately, a pending Bill would allow partial crypto-based salary payments under regulated conditions.

MicroStrategy Co-founder Michael Saylor Indicates Bitcoin Purchase Amid Geopolitical Uncertainty

MicroStrategy co-founder Michael Saylor has indicated his willingness to make additional purchase of Bitcoins amid the geopolitical uncertainty in the wake of the recent Israel-Iran conflict, and has posted a Bitcoin chart for the same. The company had last purchased Bitcoins on June 9, 2025, acquiring 1,045 Bitcoins worth about $110 million, raising its total holdings to 582,000 Bitcoins.

Incidentally, Bitcoin has held firm near $106,000-mark despite the geopolitical uncertainty after briefly dipping 3 per cent following Israeli airstrikes on Tehran. Ethereum also stayed stable, trading at around $2,600.

Last week, Bitcoin exchange-traded funds (ETFs) experienced five consecutive days of inflows totalling $1.30 billion, demonstrating investor confidence in the asset. The Crypto Fear & Greed Index stands at 60, indicating a bullish market.