Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Vietnamese Congress Has Passed Its Landmark Crypto Bill Officially Recognizing XRP and Other Altcoins

Vietnamese Congress Has Passed Its Landmark Crypto Bill Officially Recognizing XRP and Other Altcoins

CryptonewslandCryptonewsland2025/10/29 14:12
By:by Nicole D'souza
  • The  Vietnamese Congress has passed its landmark crypto bill. 
  • This decision was made months ago and should go into effect next year.
  • Crypto enthusiasts debate the impact of this effect on altcoins like XRP

The Vietnamese Congress has passed its landmark crypto bill by officially approving the Digital Technology Industry Law, marking a major milestone in the country’s approach to digital and crypto assets. The crypto community come together to rejoice over another nation taking the steps to secure a greater blockchain and crypto-positive future. What impact can this move have on XRP and other altcoins? 

Vietnamese Congress Has Passed Its Landmark Crypto Bill

Under the new law by the Vietnamese Congress, digital assets will henceforth be divided into two key categories in the eyes of the nation: virtual assets and crypto assets. While both are distinct from traditional financial instruments such as securities or central bank digital currencies, crypto assets are defined by their use of encryption to authenticate creation and transfers.

The law also empowers the Vietnamese government to set out detailed regulatory guidelines, covering areas like anti-money laundering (AML) compliance and cybersecurity standards in line with international benchmarks. Vietnam’s move comes as part of its broader effort to enhance its position with the Financial Action Task Force (FATF). The country is currently on the FATF ‘grey list’ due to gaps in its AML framework—particularly regarding oversight of virtual assets. 

By enacting this legislation, Vietnam aims to strengthen transparency and align with global financial standards. Beyond regulation, the law introduces a suite of incentives to encourage innovation in the blockchain and digital economy sectors. These include tax breaks, government subsidies, and special visa privileges for blockchain startups and digital infrastructure firms.

What Impact Will This Have on XRP and Other Altcoins?

With this landmark decision, Vietnam joins a growing list of nations formally acknowledging crypto assets, signaling its intent to become a regional hub for digital innovation and blockchain development. With clear regulations in play, crypto adoption, investing, and trading may see a significant increase in the country. One analyst goes on to highlight the impact of this move on altcoins like XRP . 

🚨BREAKING NEWS:

Vietnam has just made history. 🇻🇳

The Vietnamese Congress has passed its landmark Crypto Bill, officially recognizing XRP as a legitimate solution for cross-border payments — both through the Central Bank and for global transactions.💰🌐 pic.twitter.com/9PnAs8vR3p

— John John Jr (@_Johnkennedyjr) October 28, 2025

As we can see from the post above, this crypto enthusiast states that the Vietnamese Congress has passed its landmark Crypto Bill, officially recognizing XRP as a legitimate solution for cross-border payments, both through the Central Bank and for global transactions. 

Reputed faces immediately come in to correct him, saying that the nation recognized a broad range of crypto assets with no special treatment for XRP. Although this goes to show that there is great potential should the nation use the Ripple Network for its cross-border payments and transactions. 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Update: Bitcoin’s Delicate Equilibrium: Large-Scale Holder Movements and ETF Withdrawals Counteract Easing Trade Tensions

- Major Bitcoin whales transfer $1.8B BTC to exchanges, raising sell-off fears amid mixed market signals. - U.S.-China trade easing temporarily stabilizes Bitcoin near $101,000, offsetting whale-driven volatility risks. - Spot Bitcoin ETFs see $577M outflows, highlighting fading institutional demand despite geopolitical optimism. - BitcoinOG's $197M shorting gains and Gunden's multi-cycle accumulation underscore conflicting bearish/bullish forces. - Market balances between whale selling pressure, ETF outfl

Bitget-RWA2025/11/06 15:10
Bitcoin News Update: Bitcoin’s Delicate Equilibrium: Large-Scale Holder Movements and ETF Withdrawals Counteract Easing Trade Tensions

Bitcoin News Update: Liechtenstein Introduces Blockchain Platform Featuring Enterprise-Level Security and Adherence to EU Regulations

- Bitcoin Suisse, Solstice, and Obol launch Liechtenstein’s Trust Integrity Network (LTIN), a state-backed blockchain offering EU-compliant services to enterprises. - The network uses Obol’s Distributed Validator Technology (DVT) to enhance security and multi-jurisdictional redundancy, ensuring institutional-grade reliability and slashing protection. - LTIN, majority-owned by Telecom Liechtenstein, adheres to EU MiCAR regulations, GDPR data sovereignty, and 100% renewable energy, supporting institutional a

Bitget-RWA2025/11/06 14:56
Bitcoin News Update: Liechtenstein Introduces Blockchain Platform Featuring Enterprise-Level Security and Adherence to EU Regulations

Bitcoin Updates Today: Cathie Wood Lowers 2030 Forecast Amid Changing Market Dynamics Between Bitcoin and Stablecoins

- Cathie Wood lowers Bitcoin's 2030 price target to $1.2M, citing stablecoins' rapid adoption in emerging markets as a key factor. - ARK Invest boosts crypto exposure to $2.15B by increasing Bullish exchange holdings across three ETFs. - Stablecoins now serve 35M users and $75B supply, with Ethereum's stablecoin ecosystem reaching $184B in value. - Wood emphasizes Bitcoin's unique role as a store of value despite market shifts toward stablecoin-driven cross-border payments.

Bitget-RWA2025/11/06 14:34

Mutuum’s innovative hybrid DeFi lending approach draws in $18 million and 17,000 investors

- Mutuum Finance (MUTM) has raised $18.35M from 17,750 investors in its Phase 6 presale, with token prices rising 250% to $0.035. - The V1 DeFi protocol (Q4 2025) combines P2C and P2P lending models, offering liquidity pools, mtTokens, and a liquidator bot for decentralized borrowing. - Security measures include a 90/100 CertiK audit score, $50K bug bounties, and Chainlink oracles, while community incentives drive 17,600 presale participants. - Analysts predict MUTM could reach $0.25 by mid-2026, but succe

Bitget-RWA2025/11/06 14:34
Mutuum’s innovative hybrid DeFi lending approach draws in $18 million and 17,000 investors