Today in crypto, Vietnam has brought digital assets under regulatory oversight, crypto market sentiment remains strong amid the ongoing Israel-Iran conflict, and Bitcoin ETFs record five days of inflows despite geopolitical tensions.
Vietnam legalizes crypto under new digital technology law
The National Assembly of Vietnam approved the Law on Digital Technology Industry on June 14, bringing digital assets under regulatory oversight.
The legislation, set to take effect on Jan. 1, 2026, recognizes crypto assets and lays the groundwork for broader digital innovation across the country, according to reports from local media outlets.
The law classifies digital assets into two categories, including virtual assets and crypto assets. While both rely on encryption or digital technologies for validation and transfer, neither includes securities, digital fiat currencies, or other financial instruments.
The government is now tasked with outlining specific business conditions, classifications, and oversight mechanisms for these asset types.
The law also mandates cybersecurity and Anti-Money Laundering safeguards aligned with international norms, an effort likely aimed at addressing the Financial Action Task Force’s (FATF) concerns. Vietnam has been on the FATF “gray list” since 2023.
Crypto Fear & Greed Index stays in greed territory amid Israel-Iran conflict
The Crypto Fear & Greed Index, which tracks overall crypto market sentiment, has remained in the “greed” zone despite rising geopolitical tensions after Israel launched a series of airstrikes on Iran.
The Index posted a score of 60 in its Sunday update, maintaining its position in the greed territory despite Bitcoin falling 2.8% to $103,000 on Friday. This followed explosions reportedly heard in Tehran at 22:50 UTC on Thursday, which Israel claimed responsibility for. Iran reportedly retaliated with “dozens of ballistic missiles” on Friday night.
On Thursday, the Index was holding a Greed score of 71.
Bitcoin’s price decline came as it was edging closer to retesting its May 22 all-time high of $111,970. At the time of publication, Bitcoin is trading at $105,670, according to CoinMarketCap.
Bitcoin ETFs see five days of consecutive capital inflows
Bitcoin (BTC) exchange-traded funds (ETFs) recorded a five-day inflow streak despite geopolitical tensions in the Middle East and the looming uncertainty in global financial markets.
According to data from Farside Investors, Bitcoin ETFs saw over $1.3 billion in inflows since Monday.
Coin Bureau founder and market analyst Nic Puckrin voiced cautious optimism about Bitcoin’s short-term price resilience on Friday. The analyst also said:
“Over the long term, what matters most for Bitcoin is not geopolitics, it is the US dollar index (DXY), and the DXY has just broken below 100, its lowest level in over three years. It is clear USD is only going in one direction, and Bitcoin typically goes in the opposite.”
Despite this, Puckrin warned that all risk-on assets could take a major hit this weekend if tensions escalate and Iran closes the Strait of Hormuz. The narrow waterway is a critical shipping lane for oil and could have widespread impacts on the global economy.