- Flat tax rate: A single, fixed percentage applied to all taxpayers, regardless of income or profit size.
- FATF (Financial Action Task Force): An international organization, founded by the G7 in Paris in 1989, that sets global standards for preventing money laundering and terrorist financing.
- Globally, regulations around crypto have begun to tighten.
- Gray list: A list maintained by the FATF for countries that need to improve their anti-money laundering practices.
Vietnam passes a groundbreaking law recognizing crypto assets, aims to become a digital tech powerhouse, positioning itself as the first country globally to enact a standalone law dedicated entirely to the digital technology industry.
The law, scheduled to take effect on Jan. 1, 2026, was issued by the National Assembly of Vietnam on June 14. It draws a comprehensive legal framework for digital assets, artificial intelligence, and advanced technologies.
The new framework officially recognizes digital assets and divides them into two main types: virtual assets and crypto assets. These are both digital and use encryption to work, but the law does not include things like stocks, stablecoins, or other regular financial products.
Now, the government will set clear rules for how businesses can work with these digital assets. This is a big change from the old system, which had few rules, and it may help bring in big investors and encourage new ideas in the industry.
Vietnam is a hotspot for cryptocurrency, with around 20 million crypto users, which is about 21% of the country’s population. Bitcoin is the top choice, with 31% of Vietnamese crypto owners having it, followed by Ethereum. GameFi coins, which mix gaming and finance, are also super popular, especially among young investors and gamers in this fast-growing market.
The law also says companies must follow strict rules to prevent hacking and money laundering. These rules follow international standards, especially from the Financial Action Task Force (FATF). Vietnam has been on FATF’s “gray list” since 2023 because of worries about illegal money activities. The new law is a big step toward fixing those problems.
Brazil Reshapes Crypto Tax Policy
Meanwhile, in a major shift that could impact the entire crypto industry in Brazil, the government has ended its tax exemption on small crypto profits. Now, all profits from digital assets will be taxed at a flat rate of 17.5%. This new rule is part of an effort to boost government revenue through financial market taxation.
Previously, Brazilians didn’t have to pay tax on crypto sales under $6,300 per month. Earnings above that amount were taxed progressively, ranging from 15% to 22.5%.
As of June 12, 2025, the new policy removes these thresholds. All investors, regardless of how much they trade, how much they own, or whether they are individuals or institutions, will now pay a uniform 17.5% tax on any crypto profits.
More than 25 million people in Brazil have invested in cryptocurrency, which means about 10% of the population has used or owns digital coins. The most popular ones in the country are Bitcoin, Ethereum, and XRP. Other coins like Binance Coin, Solana, and Cardano are also common, especially as more people look for different ways to invest in crypto.
As countries like Vietnam and Brazil take decisive steps to regulate the crypto space, the global digital asset landscape is entering a new era, raising important questions about how these policies will influence innovation, investment, and adoption. One thing remains clear: the race to define the future of crypto is officially underway.