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Vietnam sets up to $1,900 in fines for unlicensed crypto trading
Penalties include fines up to 50 million Vietnamese dong for trading via unlicensed platforms, plus authority power to suspend activities, revoke licenses, and confiscate assets.
Vietnam has issued an enforcement framework for its upcoming regulated crypto market, setting administrative penalties for crypto activity conducted through unlicensed platforms, according to Cointelegraph.
The decree, No. 284/2026/NĐ-CP, issued last Thursday, would impose fines of up to 50 million Vietnamese dong, or $1,900, on investors who trade through unlicensed cryptocurrency platforms. It also establishes fines of up to 200 million dong, or $7,700, for unauthorized crypto offerings and serious anti-money laundering violations.
The rules further allow Vietnamese authorities to suspend crypto-related activities, revoke licenses, and confiscate assets. Vietnam opened license applications for domestic crypto exchanges in January and its finance leadership previously indicated regulated activities could begin in the third quarter.
Cointelegraph also notes Vietnam was ranked fourth globally in Chainalysis’ 2025 Global Crypto Adoption Index, and that Chainalysis estimated Vietnamese traders moved more than $220 billion in digital assets between July 2024 and June 2025.