Written by Yohan Yunstaff editorReviewed by Robert Lakinstaff editor
Written by Yohan Yunstaff editor
Reviewed by Robert Lakinstaff editor
Vietnam sets fines for unlicensed crypto trading ahead of regulation rollout
Latest NewsPublishedJul 20, 2026
The new rules establish penalties as much as $1,900 for crypto violations, including unlicensed trading and AML breaches, ahead of Vietnam’s regulated crypto market launch.
Vietnam has decreed administrative penalties for utilize of unlicensed cryptocurrency platforms, adding an enforcement framework to the country’s upcoming regulated market.
Decree No. 284/2026/NĐ-CP, issued last Thursday, imposes fines of up to 50 million Vietnamese dong ($1,900) on investors who trade through unlicensed platforms, with fines of up to 200 million dong ($7,700) for unauthorized crypto offerings and serious anti-money laundering (AML) violations.
The rules also authorize authorities to suspend crypto-related activities, revoke licenses and confiscate assets.
The decree takes effect on Sept. 1.
Vietnam opened license applications for domestic crypto exchanges in January. Deputy Finance Minister Nguyen Duc Chi stated in May the market could see its first regulated activities begin in the third quarter.
Vietnam ranked fourth globally in Chainalysis’ 2025 Global Crypto Adoption Index. Chainalysis separately estimated Vietnamese traders moved more than $220 billion in digital assets between July 2024 and June 2025.
Related: Bithumb enters Vietnam crypto license race with SSI Digital deal
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- Asia
- Bitcoin Regulation
- Enforcement
- Vietnam
- Regulation
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