Vietnam is getting stricter on its approach to the crypto space, with digital asset trading by both investors and companies on unregulated platforms now carrying new penalties under Decree 284/2026.
The decree goes live on September 1, following a five-year pilot framework designed to bring regulations to the nation’s growing digital assets sector.
It will impose fines of between VN30 million to VN50 million (US$1,900) on everyday traders who use unregulated services, according to the new guidelines – the first time a jurisdiction has targeted retail crypto investors.
Source: en.baochinhphu.vn
There’s no slack for businesses, however, with unlicensed operators that fail to conduct ‘know your customer’ checks, or which operate illegally without a trading permit, potentially facing fines of as much as VN200 million.
Hanoi says the aim is to increase protection for traders, increase regulation and create a better operating environment for the market.
A major regulatory shakeup is reshaping Southeast Asian crypto distribution networks!The Vietnamese government has officially signed Decree 284/2026 into law, introducing direct administrative penalties under its 5-year pilot framework. For the first time, domestic investors… pic.twitter.com/pqrjd5eOw0
— FexlonExchange (@Fexlon_exchange) July 20, 2026
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