Vietnam's government issued a decree establishing administrative penalties for crypto asset violations, signed July 16, 2026, by Deputy Prime Minister Nguyen Van Thang, as authorities move to strengthen regulatory oversight of the country's digital asset market. Under Decree No. 284/2026/ND-CP, 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. Vietnam ranks among the world's leading crypto adoption markets, with Chainalysis data showing the country was the third-largest crypto market in APAC by value received, with on-chain activity growing 55% in the 12 months through June 2025.
Vietnam Decree Sets Fines for Unlicensed Crypto Platform Use
The decree, which comes into force on September 1, establishes fines for investors using unlicensed crypto exchanges or service providers. Domestic investors involved in trading 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 establishes penalties for unlicensed exchanges, improper token offerings, anti-money laundering failures, and other violations by crypto issuers and service providers.
Authorities Gain Powers to Suspend Licenses and Confiscate Assets
Authorities may suspend or revoke licenses, confiscate assets used in violations, and order firms to return investor funds or surrender illicit gains under the new decree.
Vietnam Launches Five-Year Crypto Trading Pilot in Late 2025
Vietnam's crypto ecosystem has grown rapidly despite the absence of a formal regulatory framework. In late 2025, the Vietnamese government launched a five-year crypto asset trading pilot, establishing the country's first formal regulatory framework for digital asset markets.
Recent policy moves, including the recognition of digital assets under the Law on Digital Technology Industry, point to government involvement and regulated market development. Adoption has been driven by practical use cases including remittances, gaming, and savings.
FAQ
What fines does Vietnam impose for using unlicensed crypto platforms?
Under Decree No. 284/2026/ND-CP signed July 16, 2026, 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.
When does Vietnam's crypto penalty decree come into force?
The decree comes into force on September 1.
What enforcement powers do Vietnamese authorities have under the new decree?
Authorities may suspend or revoke licenses, confiscate assets used in violations, and order firms to return investor funds or surrender illicit gains.
