Token

2024

Value

<p>Vietnam has introduced new financial penalties of up to $1,900 for individuals using unauthorized cryptocurrency platforms as it launches stricter oversight on the digital asset sector. The regulatory measures will take effect on September 1, targeting activity outside the government’s new experimental cryptocurrency program. This initiative forms part of a broader framework to shift digital asset trading to licensed domestic providers.</p>
<h2 id="official-launch-coincides-with-increased-sanctions">Official launch coincides with increased sanctions</h2>
<p>Decree 284/2026 details the penalties under the country’s five-year pilot cryptocurrency marketplace, which began with Resolution 05/2025 in September 2025. The Ministry of Finance and related authorities are enforcing significant penalties to deter unauthorized transactions and exchanges.</p>
<p>Individuals engaging in crypto trading on unauthorized platforms will face fines of 30 million to 50 million Vietnamese dong, equivalent to approximately $1,140 to $1,900, based on current exchange rates. Penalties increase to 70 million to 100 million dong ($2,660 to $3,800) for transacting in digital assets meant solely for international markets.</p>
<p>Businesses and platforms offering cryptocurrency services without official approval are also targeted by the decree, with fines between 180 million and 200 million dong (about $6,850 to $7,700). Authorities have the right to suspend operations, revoke business licenses, and seize assets when violations are found.</p>
<p>Mini dictionary: Chainalysis, a blockchain analytics company, provides data and research on cryptocurrency adoption, market trends, and illicit activity. Its Global Crypto Adoption Index ranks countries based on their level of digital asset engagement.</p>
<blockquote>
 <p>Penalties for unauthorized cryptocurrency trading in Vietnam range from $1,140 to $1,900, with stricter fines imposed for both business violations and interaction with international digital asset offerings.</p>
</blockquote>
<h2 id="expanded-compliance-requirements-for-participants">Expanded compliance requirements for participants</h2>
<p>The new regulations raise the bar for licensing and compliance among local cryptocurrency companies. Trading platforms managing user accounts are now subject to additional requirements for customer identification and anti-money laundering practices. Failure to conduct comprehensive identity verification can lead to fines ranging from 50 million to 70 million dong ($1,900 to $2,660).</p>
<p>Token issuers are also subject to stricter oversight. Distributing tokens to unauthorized persons or launching digital assets without meeting legal requirements may result in fines up to 200 million dong ($7,700). The same applies to discrepancies in mandatory disclosures or providing false documentation to regulators.</p>
<blockquote>
 <p>Regulators focus on proper management of user data, issuing fines up to 200 million dong for unauthorized collection, retention, or sharing of account details and personal information.</p>
</blockquote>
<p>Unauthorized handling of user account information, including collection, storage, sale, or disclosure, now carries penalties up to 200 million dong. Regulatory authorities are extending their oversight to cover not only transactions but also data security and marketplace conduct.</p>
<h2 id="limited-exchange-approvals-and-local-market-focus">Limited exchange approvals and local market focus</h2>
<p>Vietnam’s experimental program initially allows licenses for up to five cryptocurrency exchanges, intending to minimize systemic risk while authorities evaluate the framework. Each licensed operator must maintain a minimum charter capital of 10 trillion dong.</p>
<table>
 <thead>
  <tr>
   <th>Requirement</th>
   <th>Value</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Maximum licensed exchanges (initial stage)</td>
   <td>5</td>
  </tr>
  <tr>
   <td>Minimum charter capital per exchange</td>
   <td>10 trillion dong</td>
  </tr>
  <tr>
   <td>Maximum foreign ownership</td>
   <td>49%</td>
  </tr>
 </tbody>
</table>
<p>Foreign ownership in licensed exchange operators is capped at 49%. The State Securities Commission is responsible for granting trading licenses and reviewing compliance. Applications for new exchange licenses have been accepted under this regulatory structure since early this year.</p>
<p>Vietnam has been among the most active crypto markets worldwide, ranking fourth in the 2025 Global Crypto Adoption Index by Chainalysis, with over $220 billion in estimated digital asset transactions between July 2024 and June 2025. The government’s latest actions aim to bring cryptocurrency trading onto fully regulated, locally controlled platforms. The move is expected to promote transparency, reduce risk for individual and institutional investors, and align Vietnam’s cryptocurrency regulation with global standards.</p>
<p>The post <a href="https://en.coin-turk.com/vietnam-to-impose-up-to-1900-fine-for-unlicensed-crypto-trading-from-september/" rel="noopener noreferrer nofollow">Vietnam to impose up to $1,900 fine for unlicensed crypto trading from September</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Vietnam to impose up to $1,900 fine for unlicensed crypto trading from September

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