Vietnam Cracks Down on Unlicensed Crypto Trading Platforms

Vietnam's new crypto enforcement regime has come into effect on September 1, bringing stricter regulations for domestic investors. As per Decree No. 284/2026/ND-CP, users caught using unlicensed trading platforms will face fines ranging from 30-50 million VND ($1,140-$1,900). This marks the first enforcement of a five-year regulatory pilot that began in September 2025 and is set to run through 2030.

The new regulations aim to bring order to Vietnam's cryptocurrency market, which has an estimated 17 million users. While the exact penalties for violating these rules have been clearly outlined, it remains to be seen how strictly they will be enforced. The Vietnamese government has taken a tough stance on crypto regulation in recent years, with this latest move marking another step towards stricter oversight.