Vietnam introduces fines for unlicensed crypto trading, effective September

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โดย NADA NEWS·Read original
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The Vietnamese government has issued a new decree imposing fines on cryptocurrency transactions conducted through unlicensed operators. According to Decree No. 284/2026/NĐ-CP, promulgated on July 16, organisations that trade without going through a crypto asset service provider licensed by the Ministry of Finance will face fines of 30 million to 50 million dong, while individuals will be fined half that amount. If domestic investors trade crypto assets issued for foreign investors, organisations will be fined 70 million to 100 million dong, and individuals half that. Operators providing crypto asset services without a licence face fines of 180 million to 200 million dong, while licensed operators that fail to verify customer identity can be fined up to 70 million dong, and those illegally handling account information up to 200 million dong. The decree takes effect on September 1, but no formal licences have yet been issued to domestic exchanges, meaning actual enforcement may depend on the progress of the licensing process.

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