Vietnam Cracks Down on Unlicensed Crypto Trading

Vietnam's crypto regulatory environment is becoming stricter as a new enforcement regime takes effect on September 1. According to Decree No. 284/2026/ND-CP, domestic investors who use unlicensed trading platforms will face fines of 30-50 million VND ($1,140-$1,900). This marks the first time penalties have been attached to Vietnam's five-year regulatory pilot that began in September 2025 and is set to run through 2030.

The new regime aims to regulate the growing number of crypto users in Vietnam, which currently stands at around 17 million. The fines are designed to deter investors from using unlicensed platforms and encourage them to use licensed ones instead.