Vietnam Imposes Fines Up to $7,700 for Unlicensed Crypto Trading, Effective Sept. 1

Vietnam's Decree No. 284/2026, issued on July 16, imposes fines of up to 50 million Vietnamese dong ($1,900) on investors trading through unlicensed platforms, with penalties reaching up to 200 million dong ($7,700) for unauthorized crypto offerings and serious anti-money laundering violations. Authorities are also authorized to suspend crypto-related activities, revoke licenses, and confiscate assets. The decree takes effect on September 1.

The measure follows Vietnam's opening of crypto exchange license applications in January. Deputy Finance Minister Nguyen Duc Chi stated in May that the first regulated market activities could begin in the third quarter.