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

Hong Kong Integrates Technology with National Strategies to Strengthen Its Position as a World Financial Leader

- Hong Kong's Seres Group raised HK$13.2B via IPO, boosting 2025 listing forecasts as EV demand surges. - National 15th Five-Year Plan integration and Greater Bay Area cooperation drive strategic economic alignment. - Pony.ai's Gen-7 Robotaxi and Deepexi's AI IPO highlight tech innovation fueling market growth. - Blazpay's $925K crypto presale and Prudential's 13% profit rise underscore diversified financial resilience. - Leadership promotes AI collaboration at Apec forums, aligning Hong Kong's talent with

Bitget-RWA2025/10/30 01:56
Hong Kong Integrates Technology with National Strategies to Strengthen Its Position as a World Financial Leader

Time-Driven Airdrop Strategy Propels River to 500% Growth

- River token ($RIVER) surged 500% to $10 after Binance Futures listing, driven by its dynamic airdrop conversion mechanism allowing 180-day River Pts-to-$RIVER conversion. - The time-based tokenomics model attracted 80,000+ addresses, enabling strategic profit-taking via futures trading or long-term conversion, with potential 270x value differences based on timing. - $RIVER perpetual contracts generated $100M+ 24-hour volume across major exchanges, reflecting strong institutional/retail demand and communi

Bitget-RWA2025/10/30 01:56
Time-Driven Airdrop Strategy Propels River to 500% Growth

Mastercard Connects Traditional Infrastructure with the Digital Era Through $2B Stablecoin Investment

- Mastercard plans to acquire stablecoin infrastructure firm Zero Hash for $2B, signaling a strategic shift into digital assets. - The move aligns with surging stablecoin adoption, with $10B monthly settlement volumes and 70% growth since February 2025. - Tether's USDT dominates 79% market share, while Circle's USDC gains traction, reflecting stablecoins' growing role in B2B and consumer transactions. - Analysts view the acquisition as a response to market disruption, though regulatory scrutiny remains a k

Bitget-RWA2025/10/30 01:40
Mastercard Connects Traditional Infrastructure with the Digital Era Through $2B Stablecoin Investment

Solana News Today: Investors Swap SHIB's Lack of Movement for Noomez's Open Burn Process

- Shiba Inu (SHIB) remains near $0.00001018 as investors shift to Noomez ($NNZ), a presale project with structured tokenomics and deflationary burns. - Noomez's 28-stage presale, featuring escalating prices and permanent token burns, aims to reduce volatility and align with 2025 crypto trends. - Solana (SOL) signals market recovery with a $178 price rebound and $10B+ TVL, creating favorable conditions for projects like Noomez. - Noomez's transparent mechanics, including liquidity locks and real-time on-cha

Bitget-RWA2025/10/30 01:26
Solana News Today: Investors Swap SHIB's Lack of Movement for Noomez's Open Burn Process