Vietnam has issued Decree No. 284/2026/ND-CP, introducing a formal schedule of administrative penalties for crypto-related violations as the country prepares to launch a regulated digital asset market, according to the Vietnam government’s news portal.

The decree, signed by Deputy Prime Minister Nguyen Van Thang, takes effect September 1 and applies during Vietnam’s five-year pilot program for licensed crypto trading. Domestic investors who use crypto exchanges or service providers not licensed by the Ministry of Finance face fines of 30 million to 50 million Vietnamese dong, roughly $1,140 to $1,900. Investors who trade on platforms or in crypto assets designated for foreign investors only face steeper penalties, ranging from 70…