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Vietnam Fines Unlicensed Crypto Exchange Users Up to $1,900 Under New Decree

Enforcement Actions Regulation & Policy

2026-07-21 05:35:08

According to Decree No. 284/2026 signed by Vietnam's Deputy Prime Minister Nguyen Van Thang on 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). Domestic investors trading crypto assets issued to foreign investors face fines up to VND 100 million ($3,800). The decree, taking effect September 1, also establishes penalties for unlicensed exchanges, improper token offerings, and anti-money laundering failures, with authorities able to suspend licenses, confiscate assets, or order refunds.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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