Vietnam Tightens Crypto Regulations, Fines Up to VND 50 Million for Violations
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Vietnam Tightens Crypto Regulations, Fines Up to VND 50 Million for Violations

Vietnam has issued a new decree to strengthen penalties for unauthorized virtual asset transactions. Domestic investors trading on platforms not licensed by the Ministry of Finance will face fines of VND 30-50 million (approximately $1,200-$2,000). This is part of regulations during the pilot phase of the virtual asset market.

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