Vietnam sets fines for unlicensed crypto trading ahead of regulation rollout

Written by Yohan Yunstaff editorReviewed by Robert Lakinstaff editorWritten by Yohan Yunstaff editorReviewed by Robert Lakinstaff editorVietnam sets fines for unlicensed crypto trading ahead of regulation rolloutLatest NewsPublishedJul 20, 2026The new rules establish penalties as much as $1,900 for crypto violations, including unlicensed trading and AML breaches, ahead of Vietnam’s regulated crypto market launch.Vietnam has decreed administrative penalties for use of unlicensed cryptocurrency platforms, adding an enforcement framework to the country’s upcoming regulated market.Decree No. 284/2026/NĐ-CP, issued last Thursday, imposes fines of up to 50 million Vietnamese dong ($1,900) on investors who trade through unlicensed platforms, with fines of up to 200 million dong ($7,700) for unauthorized crypto offerings and serious anti-money laundering (AML) violations.The rules also authorize authorities to suspend crypto-related activities, revoke licenses and confiscate assets.The decree takes effect on Sept. 1.Vietnam opened license applications for domestic crypto exchanges in January. Deputy Finance Minister Nguyen Duc Chi said in May the market could see its first regulated activities begin in the third quarter.Vietnam ranked fourth globally in Chainalysis’ 2025 Global Crypto Adoption Index. Chainalysis separately estimated Vietnamese traders moved more than $220 billion in digital assets between July 2024 and June 2025.Related: Bithumb enters Vietnam crypto license race with SSI Digital deal Subscribe to daily byte-sized crypto news from Cointelegraph Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. AsiaBitcoin RegulationEnforcementVietnamRegulationMore on the subjectRussia’s parliament to hold final readings on crypto bill Tuesday2 hours ago…

Vietnam sets fines for unlicensed crypto trading ahead of regulation rollout

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