TechFlow news, November 26 — According to Techinasia, Vietnam's Ministry of Finance has released a draft decree proposing fines for individuals and institutions trading on unlicensed digital asset platforms.
Under the draft, individuals engaging in unauthorized digital asset transactions could face fines of up to 30 million Vietnamese dong (approximately USD 1,200), while organizations could be fined up to 200 million Vietnamese dong (approximately USD 7,584). Violations such as breaching foreign ownership limits, providing misleading disclosures, or failing to report information to regulators would incur penalties ranging from 70 million to 200 million Vietnamese dong.
Vietnam’s cryptocurrency exchange pilot program is expected to issue its first license by early 2026. The pilot will approve up to five operators, requiring a charter capital of 10 trillion Vietnamese dong, with 65% institutional ownership.
