Vietnam Unveils Strict Crypto Regulation Framework Amid Shift to Domestic Exchanges

Vietnam has introduced Decree No. 284/2026/NĐ-CP, a strict framework for regulating cryptocurrencies. This move does not imply that cryptos are prohibited in Vietnam; instead, it means the nation is shifting the manner and location of their trade.

In the past, Vietnamese users relied on international exchanges like Binance, Bybit, OKX, or other offshore platforms. However, thanks to this new decree, the government hopes trading will move from these foreign platforms to exchanges licensed by Vietnam's Ministry of Finance.

Anyone who continues using unlicensed services after the rules go into effect on 1st September could face financial penalties. The licensing framework will also tighten anti-money laundering and know-your-customer regulations, mandating that exchanges validate users, track transactions, and safeguard consumer data.