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Vietnam issues a decree on penalties for crypto-related violations, with an up to $1,900 fine for unlicensed trading

2026-07-20 12:40:17

Abstract generation in progress

ME News, July 20 (UTC+8). Vietnam issued Decree 284/2026/NĐ-CP on July 16, setting out administrative penalty rules for illegal acts related to cryptocurrencies, providing law enforcement support for a locally compliant crypto market. The new rules will officially take effect on September 1. Penalty standards are as follows: for individuals conducting crypto trading on unlicensed platforms, the maximum fine is 50 million Vietnamese dong (about $1,900); for issuing crypto assets without permission and seriously violating anti-money laundering regulations, the maximum fine is 200 million Vietnamese dong (about $7,700). Regulators have the authority to shut down non-compliant businesses, revoke operating licenses, and confiscate related assets. Earlier this year, in January, Vietnam had opened applications for crypto exchange licenses. A local deputy finance minister said that the first batch of compliant crypto business is expected to begin in the third quarter. (Source: ChainCatcher)

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