Vietnam Cracks Down on Unlicensed Crypto Exchanges with Fines Up to $7,600
The Vietnamese government has implemented new regulations for cryptocurrency trading and services in the country. Decree No. 284/2026/ND-CP, issued on July 16, introduces administrative penalties for unlicensed exchanges, improper token issuance, and compliance failures.
Under the decree, organizations can be fined up to 200 million Vietnamese dong (approximately $7,600) for providing crypto-related services without authorization from the Ministry of Finance. Individuals face a maximum fine of 100 million dong.
The regulations also cover customer identification, asset issuance, investor information, anti-money-laundering controls, and misuse of crypto account data. Offshore trading restrictions will be enforced six months after the first licensed provider is granted approval.