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Vietnam Cracks Down on Unlicensed Crypto Platforms

Guavy AI Editorial Team
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Vietnam's new crypto enforcement regime took effect on September 1, introducing fines for domestic investors caught using unlicensed trading platforms. Under Decree No. 284/2026/ND-CP, fines range from 30-50 million VND ($1,140-$1,900) per infraction.

The new regulations are part of a five-year pilot program designed to run through 2030 and were first introduced in September 2025 with Government Resolution No. 05/2025/NQ-CP.

A total of five companies have passed the initial licensing assessment: VIX Crypto Assets Exchange JSC, Loc Phat Vietnam Crypto Assets Exchange, Vietnam Prosperity Crypto Assets Exchange, Techcom Crypto Assets Exchange, and Vietnam Digital Assets JSC.

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