Shift

Attention

when

Read

would

<figure class="wp-block-table">
 <table class="has-fixed-layout">
 <tbody>
 <tr>
 <td class="has-text-align-center">Disclaimer: This article is a sponsored post provided by a third party. It is not part of editorial content and should not be considered financial advice.</td>
 </tr>
 </tbody>
 </table>
</figure>
As Vietnam gradually shapes its legal framework for digital assets, many crypto KOLs and media organizations have chosen to temporarily “step back” due to concerns over potential legal risks. However, according to legal experts, when the current policies are interpreted within their proper scope, most common crypto media and promotional activities are not subject to tightened regulation at this stage.
<figure class="wp-block-image aligncenter size-full">
 <a href="https://coincu.com/wp-content/uploads/2026/01/image-249.png" rel="noopener noreferrer nofollow"></a>
 <figcaption class="wp-element-caption">
 </figcaption>
</figure>
The resolution was issued in the context of Vietnam’s step-by-step approach to building a legal framework for the digital asset market. While public attention has largely focused on its implications for exchanges and investors, KOLs, agencies, and media partners have been more significantly affected on a psychological level. This raises a key question: Are crypto media activities currently facing legal risks?
<h2 class="wp-block-heading" id="strong-resolution-05-2025-nq-cp-focused-on-trading-not-media-activities-strong">Resolution 05/2025/NQ-CP: Focused on Trading, Not Media Activities</h2>
Under Resolution 05/2025/NQ-CP, the policy establishes a controlled pilot mechanism with a five-year duration, primarily targeting digital asset trading activities and real-world-asset–linked digital assets (RWA), with a limited number of participating entities.
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2026/01/image-250.png" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2026/01/image-250-1024x448.png" alt="" class="wp-image-389737"></a>
 <figcaption class="wp-element-caption">
 </figcaption>
</figure>
Notably, Resolution 05 does not introduce direct regulatory provisions governing KOL media or promotional activities, nor does it include any clauses addressing promotional actions that occurred prior to the resolution’s issuance.
This indicates that the current regulatory focus is on trading operations and market infrastructure, rather than directly regulating content creation or media communications within the crypto sector.
<h2 class="wp-block-heading" id="strong-lawyer-s-view-no-legal-basis-for-retroactive-enforcement-strong">Lawyer’s View: No Legal Basis for Retroactive Enforcement</h2>
According to Đào Tiến Phong, as of January 16, 2026, there is no legal basis indicating that KOLs or agencies would be penalized solely for having promoted exchanges or shared crypto-related content in the past.
Vietnamese law, as a general principle, does not apply retroactive enforcement in a manner that disadvantages individuals or organizations, unless explicitly stated in legal documents.
This assessment aligns with Vietnam’s legislative principles and enforcement practices, under which new regulations are typically not applied retroactively to actions that occurred before the regulations took effect.
<h2 class="wp-block-heading" id="strong-regulatory-attention-targets-high-risk-conduct-strong">Regulatory Attention Targets High-Risk Conduct</h2>
In parallel, the draft decree on administrative penalties for violations related to digital assets and digital asset markets indicates that regulatory enforcement is primarily aimed at high-risk behaviors, including:
<ul class="wp-block-list">
 <li>Fraud and deceptive practices</li>
 <li>Asset misappropriation</li>
 <li>False or misleading advertising</li>
 <li>Violations mainly originating from service providers</li>
</ul>
From a regulatory perspective, legal experts note that authorities are currently prioritizing behaviors such as guaranteed profit claims, investment mandate arrangements, personalized investment recommendations, or the misuse of media activities to appropriate assets.
This suggests that, in the current phase, crypto KOLs may continue operating as long as they adhere to transparent communication principles, avoid financial return commitments, and refrain from participating in models that show clear risk signals.
<h2 class="wp-block-heading" id="strong-a-transitional-phase-not-a-sudden-shift-strong">A Transitional Phase, Not a Sudden Shift</h2>
From a legal standpoint, Resolution 05 does not represent a sudden regulatory shift targeting crypto KOL activities. Instead, it is a step toward shaping a controlled and orderly digital asset market.
During this transitional period, a correct understanding of the policy’s scope can help KOLs and media partners reduce uncertainty, maintain confidence, and continue operating in a transparent, responsible, and compliant manner.
<figure class="wp-block-table">
 <table class="has-fixed-layout">
 <tbody>
 <tr>
 <td>Disclaimer: The text above is an advertorial article that is not part of&nbsp;<a href="https://coincu.com/" rel="noopener noreferrer nofollow">Coincu.com</a>&nbsp;editorial content.</td>
 </tr>
 </tbody>
 </table>
</figure> <a href="https://coincu.com/?p=389736" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Legal Experts: Crypto KOLs Can Remain Confident in the Current Regulatory Phase

Table of Contents

Coincu

Other articles published on Jan 19, 2026

Trove Investors Seek Refunds as Perps Pivot to Solana

Regulators Implement 2026 Stablecoin Policies Amid Global Payment Changes

AAVE Breaks Out on Daily Chart as Structure and Derivatives Strengthen

ZKP Surges 300% as Dogecoin and XRP Stagnate, Analysts Say This is the Top Crypto to Buy Before 2...

Why are Bitcoin, Ethereum and XRP Prices Crashing Today?

Scaramucci Says Stablecoin Rules Hand Edge to China

Join our free newsletter for daily crypto updates!