Vietnam Sets $1,900 Fine for Users Trading on Unlicensed Crypto Platforms

Vietnam has laid out a penalty framework for cryptocurrency-related offences ahead of the launch of its regulated digital asset market, signaling a tougher approach to oversight of the sector.

Under Decree No. 284/2026/ND-CP, individuals who buy or sell digital assets through platforms that lack official authorization could face fines of up to VND 50 million (around $1,900). The regulation also allows penalties of up to VND 200 million (approximately $7,700) for conducting token sales without approval or committing serious violations of anti-money laundering (AML) rules. 

The decree is scheduled to come into force on Sept. 1, providing the enforcement framework as Vietnam moves toward a regulated crypto market.

The country has emerged as one of the world’s fastest-growing digital asset markets, placing fourth in Chainalysis’ 2025 Global Crypto Adoption Index, highlighting the scale of crypto adoption that regulators are seeking to bring under formal oversight.

Source: VietnamPlus