Vietnam has issued a decree establishing administrative penalties for violations involving crypto assets and the country’s digital asset market as authorities move to strengthen regulatory oversight.
Under Decree No. 284/2026/ND-CP, which was signed on July 16, 2026, by Deputy Prime Minister Nguyen Van Thang, investors using crypto exchanges or service providers not licensed by the Ministry of Finance risk fines of VND 30 million to VND 50 million ($1,140–$1,900), pursuant to Resolution No. 05/2025/NQ-CP.
Meanwhile, domestic investors involved in the trading of crypto assets offered or issued to foreign investors could be fined up to VND 100 million ($3,800).
Foreign investors face similar penalties for breaches involving inaccurate records, incomplete transaction declarations or non-compliance with reporting requirements tied to crypto asset purchases and sales in Vietnam, according to the new rules.
The decree, which comes into force on September 1, also establishes penalties for unlicensed exchanges, improper token offerings, anti-money laundering failures, and other violations by crypto issuers and service providers.
