Experts criticize the Finance Ministry’s draft crypto decree for proposing negligible fines on fraudulent organizations while threatening individual investors with penalties for using unlicensed exchanges before any legal alternatives exist.

Under the draft crypto decree, the maximum proposed fine for organizations is VND200 million (US$7,800). This applies to a group of violations, including irregular issuance or offering of crypto assets; violations in organizing trading markets; and violations regarding the responsibilities of service providers.

According to Director Tran Quy of the Vietnam Institute…