Vietnam has introduced a new enforcement framework for cryptocurrency markets, establishing penalties for investors, service providers and token issuers as the country prepares to launch a regulated digital asset market through a pilot programme.

Under Decree No. 284/2026/NĐ-CP, which takes effect on 1 September, investors using unapproved crypto platforms could face fines, while companies offering unauthorised digital asset services may be subject to larger penalties. The framework also introduces sanctions for breaches involving customer verification, reporting…