Abstract

The recognition of digital assets under the 2025 Law on Digital Technology Industry lays the legal foundation for the development of a regulated digital asset market in Vietnam. However, digital asset transactions are commonly conducted through blockchain-based infrastructure, where transaction data are distributed, difficult to modify, and virtually impossible to erase once validated. In the context of Vietnam’s increasing use of electronic identification, customer authentication, anti-money laundering mechanisms, and regulatory oversight of digital asset service providers, tensions have emerged between personal data protection requirements and the technological characteristics of digital asset transactions. This article examines the principal legal conflicts arising in this context and proposes directions for legal reform, including enhanced governance of off-chain data, clearer responsibilities for digital asset service providers, and the establishment of mechanisms for exercising data protection rights that are compatible with blockchain technology.

Keywords: Blockchain; digital assets; personal data; right to be forgotten.