Vietnam sets fines of up to $7,671 for crypto asset market violations

Decree 284/2026 takes effect from Tuesday.

Under the decree, unauthorized collection, storage, exchange, purchase, sale, gifting or public disclosure of crypto asset account data and information can result in fines of VND150 million ($5,753) to VND200 million.

Violators can also have their crypto asset trading activities suspended for one to three months and be required to surrender any illicit gains.

Violations of regulations on preventing money laundering and terrorist financing are also subject to significant penalties.

Failure to identify, update or verify customer information can result in fines of VND100 million to VND120 million, while failure to issue internal regulations on anti-money laundering measures can be fined up to VND200 million.

In addition to monetary penalties, regulators can impose additional sanctions and remedial measures, including revoking licenses, suspending offering or trading activities for up to 12 months, requiring the recall or cancellation of an issuance, refunding investors, and surrendering all illicit gains.