Vietnam sets fines for unlicensed crypto trading ahead of regulation rollout

The new rules establish penalties as much as $1,9000 for crypto violations, including unlicensed trading and AML breaches, ahead of Vietnam’s regulated crypto market launch.

Vietnam has decreed administrative penalties for use of unlicensed cryptocurrency platforms, adding an enforcement framework to the country’s upcoming regulated market.

Decree No. 284/2026/NĐ-CP, issued on July 16, 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.

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