Vietnam sets fines for unlicensed crypto trading ahead of regulation rollout
Summary
Vietnam has set penalties for using unlicensed crypto platforms ahead of its regulated market launch. Decree No. 284/2026/NĐ-CP, issued July 16 and effective Sept. 1, fines investors up to 50 million dong for trading on unlicensed platforms and up to 200 million dong for unauthorized crypto offerings or serious AML breaches. Authorities can also suspend crypto activity, revoke licenses, and confiscate assets. Vietnam began accepting license applications for domestic exchanges in January, and regulated activity could start in the third quarter. The country ranks among the world’s most active crypto markets.
