Crypto▼ Bearish
Vietnam Sets Fines for Unlicensed Crypto Trading as Regulated Launch Nears
Vietnam enacted fines up to 200M dong ($7,700) for unlicensed crypto activity, targeting a market that moved $220B in assets over the past year.
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Vietnam enacted Decree No. 284/2026/NĐ-CP on Thursday, establishing administrative penalties for unlicensed cryptocurrency activity. The rule, published July 17, fines investors using platforms without local authorization up to 50 million Vietnamese dong, roughly $1,900. More serious infractions, including unauthorized token offerings and anti-money laundering violations, carry penalties as high as 200 million dong, about $7,700.
The decree also empowers authorities to suspend activities and confiscate assets involved. The rule takes effect September 1, 2026.