Decree No. 284, which introduces administrative penalties for violations involving crypto assets and the crypto asset market, will take effect on September 1, potentially marking the end of unlicensed crypto exchanges operating in Vietnam.

The Government has issued Decree No. 284/2026/ND-CP on administrative penalties for violations involving crypto assets and the crypto asset market, with the regulation taking effect from September 1.

One of the decree’s most notable provisions is Article 9, which addresses violations of crypto asset trading regulations. Domestic investors who trade crypto assets without using a crypto asset service…