Vietnam Issues Fine for Unlicensed Cryptocurrency Trading, Maximum Penalty of Approximately $1,900
By: cointelegraph.com|2026/07/20 12:16:55
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Vietnam has issued Decree No. 284/2026/NĐ-CP, establishing an administrative penalty framework for trading on unlicensed cryptocurrency platforms, which will take effect on September 1. The decree stipulates that investors trading through unlicensed platforms can be fined up to 50 million VND (approximately $1,900); those who issue cryptocurrencies without authorization or seriously violate anti-money laundering regulations can face fines of up to 200 million VND (approximately $7,700). Authorities have the power to suspend related cryptocurrency activities, revoke licenses, and confiscate assets. Vietnam opened applications for cryptocurrency exchange licenses in January this year, and Deputy Minister of Finance Nguyen Duc Chi stated that regulated cryptocurrency market activities are expected to launch as early as the third quarter. According to Chainalysis data, Vietnam ranks fourth in the global cryptocurrency adoption index for 2025, with Vietnamese traders' digital asset trading volume exceeding $22 billion between July 2024 and June 2025.
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