Vietnam Enacts Penalties for Crypto Trading Through Unlicensed Platforms

Vietnam is tightening its digital asset market oversight under Decree No. 284/2026/ND-CP, signed by Deputy Prime Minister Nguyen Van Thang. Starting September 1, 2026, domestic investors face fines of up to VND 50 million ($1,900) for trading on unlicensed platforms, while unlicensed service providers face penalties up to VND 200 million ($7,600). The rules support a five-year pilot program requiring exchanges to hold VND 10 trillion in charter capital with foreign ownership capped at 49%.

Vietnam crypto trading fines

• ▪Under Decree No. 284/2026/ND-CP, signed on July 16, 2026, Vietnam will fine domestic investors VND 30 million to VND 50 million ($1,140 to $1,900) for trading crypto assets through unlicensed platforms
• ▪Vietnam's pilot crypto framework requires exchange operators to have at least VND 10 trillion in charter capital and limits foreign ownership to 49%
• ▪Vietnam's Decree No. 284/2026/ND-CP, which takes effect on September 1, 2026, establishes a maximum administrative fine of VND 200 million for organizations and VND 100 million for individuals
• ▪Unlicensed crypto service providers operating or advertising in Vietnam face administrative fines ranging from VND 180 million to VND 200 million ($6,840 to $7,600)
• ▪Vietnamese domestic investors who trade crypto assets authorized only for foreign investors face fines ranging from VND 70 million to VND 100 million ($2,700 to $3,850)

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