Vietnam Tightens Crypto Rules With Heavy Fines for Unlicensed Trading
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Vietnam enacted Decree No. 284/2026/NĐ-CP to crack down on unlicensed crypto trading, imposing fines of VND 30-50 million for companies, half that for individuals, and up to VND 100 million for trades involving assets reserved for foreign investors. The rules aim to protect investors and formalize the domestic digital asset industry by tightening oversight and creating clearer requirements for exchanges, service providers and users, likely curbing unregulated DeFi and CEX activity in one of the world’s most active crypto markets.
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Vietnam has moved to reshape its crypto market by introducing strict fines for activity outside approved domestic platforms. The new framework targets unregulated trading and strengthens government oversight as the country builds a formal digital asset industry.
Authorities aim to protect investors while creating clearer rules for exchanges, service providers, and users. The measures arrive as Vietnam continues to rank among the world’s most active crypto markets.
New Fines Target Unlicensed Crypto Activity
Under Decree No. 284/2026/NĐ-CP, companies trading crypto without Ministry of Finance approval face fines between VND 30 million and VND 50 million. Individuals generally receive half of those penalties. Additionally, traders using crypto assets reserved for foreign investors could face fines reaching VND 100 million.
Moreover, companies offering unapproved cr…
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