Vietnam's Congress has passed a landmark crypto bill, officially recognizing XRP and other altcoins as legitimate digital assets. The new Digital Technology Industry Law categorizes digital assets into virtual and crypto assets, empowering the government to establish regulatory guidelines in line with international standards. This legislation aims to enhance Vietnam's anti-money laundering framework and improve its standing with the Financial Action Task Force (FATF). Analysts believe this move could increase crypto adoption and trading in Vietnam, although no special provisions for XRP were specified.