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New Decree sets up to $3,800 penalty for crypto regulation violations

New Decree sets up to $3,800 penalty for crypto regulation violations

Under the Government Decree Decree No. 284/2026/ND-CP on administrative penalties for violation of regulations on crypto assets and the crypto asset market, that took effect from September 1,  domestic investors who trade crypto assets that are
offered or issued to foreign investors will face fines ranging from VND70
million to 100 million (nearly $2,700 – 3,840).

The Decree also stipulates a fine of VND70–100 million
for foreign investors who provide inaccurate, illegal, or dishonest documents,
materials, or information regarding their transactions.

In addition to regulations for individual investors,
Decree 284 establishes a series of obligations for crypto asset service
providers (VASPs).

At the penalty level of VND30…

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