Guides
Vietnam crypto law explained: 5 licenses, VND 200M fines and a 6-month clock
Crypto is legally defined in Vietnam, and a five-year pilot lets up to five licensed local firms run crypto markets. As of the latest official update on October 6, 2026, no provider had been licensed, so the six-month countdown for investors using unlicensed platforms has not started.
Policy
Vietnam's crypto fines are live: up to VND 200 million for firms, a reprieve for traders
Decree 284/2026/ND-CP took effect on September 1, with fines for unlicensed exchanges, crypto advertising, weak identity checks and data leaks. For ordinary investors who trade on offshore exchanges, the Ministry of Finance says fines only start six months after the first local provider is licensed, and none had been by early October.