Vietnam has issued Decree 284/2026, imposing administrative fines of up to 50 million Vietnamese dong ($1,900) on individuals who trade cryptocurrency through unlicensed platforms. The decree, signed on July 16 and effective September 1, marks the first time the country has attached enforcement penalties to its pilot crypto market program. The decree sets a tiered penalty structure. Individual traders using unlicensed platforms face fines between 30 million and 50 million dong ($1,150 to $1,900). Investors trading crypto assets authorized only for foreign participants face steeper penalties ranging from 70 million to ... (full story)