Vietnam is set to legalize cryptocurrency and implement stricter Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations by January 2026. This move aims to remove the country from the Financial Action Task Force's (FATF) gray list, which includes jurisdictions with strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. The new regulations are expected to enhance transparency and compliance in Vietnam's financial sector, aligning it with international standards.