Vietnam has introduced new penalties for individuals trading crypto assets through unlicensed platforms under Decree 284/2026, which will take effect on September 1 as part of the country’s five-year pilot digital asset framework.
Under the new rules, retail investors using unauthorized crypto service providers could face fines ranging from VNĐ30M to VNĐ50M, or approximately $1,900, marking Vietnam’s first direct penalties targeting crypto traders.
The decree also imposes stricter requirements on crypto businesses operating in the country. Companies that fail to verify customer identities, operate without licenses or illegally advertise crypto-related services could face fines of up to VNĐ200M.
Source: en.baochinhphu.vn
Vietnamese authorities say the measures are designed to strengthen investor protection, improve regulatory oversight and support the development of a more transparent and regulated digital asset 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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