Vietnam Fines Crypto Traders Up to $1,900 for Using Unlicensed Platforms from September 1, 2026

Starting September 1, 2026, Vietnam will enforce penalties reaching 50 million VND ($1,900) on individuals engaging in digital asset trading via unlicensed platforms, as outlined in Decree No. 284/2026/NĐ-CP released on July 17, 2026. Users of unauthorized exchanges may incur fines between 30 and 50 million VND ($1,150–$1,900). Domestic traders facilitating foreign investments could face penalties of 70 to 100 million VND ($2,700–$3,800). Crypto service providers failing to comply with KYC regulations may be fined 50 to 70 million VND. Businesses lacking a license from the Ministry of Finance may face fines of 180 to 200 million VND ($7,700). The government intends to authorize up to five exchanges, each requiring a minimum charter capital of 10 trillion VND ($382 million), with foreign ownership limited to 49%. No exchanges have been approved thus far.