DECREE
REGULATIONS ON PENALTIES FOR ADMINISTRATIVE VIOLATIONS RELATED TO CRYPTOCURRENCIES AND THE CRYPTOCURRENCY MARKET
Based on the Law on Organization of the Government No. 63/2025/QH15;
Based on the Law on Handling Administrative Violations No. 15/2012/QH13, amended and supplemented by Law No. 67/2020/QH14 and Law No. 88/2025/QH15;
Based on the Law on Industry and Technology No. 71/2025/QH15;
Based on the Law on Prevention and Combatting Money Laundering No. 14/2022/QH15;
Based on the Law on Counter-Terrorism No. 28/2013/QH13;
Based on Government Resolution No. 05/2025/NQ-CP on the pilot implementation of the cryptocurrency market in Vietnam;
At the proposal of the Minister of Finance;
The government has issued a Decree stipulating administrative penalties for violations related to crypto assets and the crypto asset market.
Chapter I
GENERAL PROVISIONS
Article 1. Scope
1. This Decree stipulates administrative violations, forms of penalties, penalty levels, remedial measures, the implementation of administrative penalties and remedial measures, the authority to draw up violation reports and the authority to impose administrative penalties regarding crypto assets and the crypto asset market in Vietnam, in accordance with Resolution No. 05/2025/NQ-CP dated September 9, 2025 of the Government on the pilot implementation of the crypto asset market in Vietnam.
2. Administrative violations concerning crypto assets and the crypto asset market as stipulated in this Decree include:
a) Violating regulations on the offering and issuance of crypto assets;
b) Violating regulations on the organization of cryptocurrency trading markets;
c) Violating regulations regarding the responsibilities of organizations providing cryptographic asset services;
d) Violating regulations regarding transactions in cryptocurrencies;
d) Violations of regulations related to the transfer of funds by foreign investors;
e) Acts that obstruct inspections, examinations, or requests for information;
g) The act of illegally collecting, storing, exchanging, buying, selling, giving away, or publicly disclosing data and information about encrypted asset accounts;
h) Violating regulations on anti-money laundering; anti-terrorism financing; and anti-financing of weapons of mass destruction by organizations and individuals participating in the cryptocurrency market.
3. Administrative violations in other areas related to crypto assets and the crypto asset market not regulated in this Decree shall be subject to the provisions of the Decrees regulating administrative sanctions in related fields.
Article 2. Subject of application
1. This Decree applies to:
a) Vietnamese organizations and individuals, and foreign organizations and individuals (hereinafter collectively referred to as organizations and individuals) committing administrative violations concerning crypto assets and the crypto asset market as stipulated in this Decree;
b) Persons authorized to draw up administrative violation reports, persons authorized to impose administrative penalties, and other relevant organizations and individuals.
2. The organizations stipulated in point a, clause 1 of this Article include:
a) The organization that issues the crypto assets;
b) Organizations providing cryptographic asset services;
c) Organizations established under Vietnamese law and organizations established under foreign law participating in investment in crypto assets and operating in the crypto asset market in Vietnam within the scope stipulated in Resolution No. 05/2025/NQ-CP;
d) Other organizations involved in the offering and issuance of crypto assets, and organizations operating crypto asset trading markets in Vietnam.
Article 3. Forms of administrative sanctions and remedial measures
1. Main forms of punishment:
a) Warning;
b) Fine.
2. Additional sanctioning forms:
a) Revoking the license to provide services for organizing cryptocurrency trading markets for a period of 01 to 03 months;
b) Suspend the offering and issuance of crypto assets for a period of 01 to 12 months;
c) Suspending the provision of crypto asset services for a period of 01 to 06 months;
d) Suspending cryptocurrency trading activities for a period of 01 to 12 months;
d) Confiscation of evidence and means used in administrative violations.
3. Remedies:
a) To compel the deletion or correction of information; to compel the provision of accurate and complete information;
b) To compel the return of any illegal profits obtained from committing the violation;
c) To order the removal of websites, software, trading systems, and other equipment used to commit the violation;
d) To order the cancellation of the offering or issuance of crypto assets and to order the return of all proceeds from the offering or issuance of crypto assets;
d) To compel the return of an amount equal to the value of the confiscated items and means used in the administrative violation that have been consumed, disposed of, or destroyed in violation of the law.
Article 4. Regulations on maximum fines and repeated administrative violations.
1. The maximum fine for violations of the regulations in this Decree is VND 200.000.000 for organizations and VND 100.000.000 for individuals.
2. The fines stipulated in Chapter II of this Decree apply to organizations. In cases where an individual commits a violation similar to that of an organization, the fine shall be half the amount imposed on the organization.
3. Organizations and individuals who commit administrative violations repeatedly shall be penalized for each violation, except in cases where the administrative violation is committed repeatedly for the same violation specified in Clause 4 of Article 8 and Clause 3 of Article 10 of this Decree, in which case they shall be penalized once and the aggravating circumstance of repeated administrative violations shall be applied.
Article 5. Statute of limitations for administrative penalties for violations concerning crypto assets and the crypto asset market; completed administrative violations, and ongoing administrative violations.
1. The statute of limitations for imposing administrative penalties for violations related to crypto assets and the crypto asset market is one year.
2. In cases where administrative penalties for violations committed by organizations or individuals are referred by competent judicial authorities, the statute of limitations for imposing penalties as stipulated in Clause 1 of this Article shall be extended by one year. The time taken by the competent judicial authority to receive and consider the case shall be included in the statute of limitations for imposing administrative penalties.
3. If, within the time limits stipulated in Clauses 1 and 2 of this Article, an organization or individual deliberately evades or obstructs the imposition of penalties, the statute of limitations for administrative penalties shall be recalculated from the time the act of evasion or obstruction ceases.
4. The determination of whether an administrative violation has ended or is ongoing, in order to calculate the statute of limitations for imposing administrative penalties, shall be carried out in accordance with the provisions of the law on handling administrative violations.
5. The time at which the violation ceases, for the purpose of calculating the statute of limitations for penalties for certain violations in Chapter II of this Decree, is stipulated as follows:
a) For violations of regulations on publication, notification, posting, information disclosure as stipulated in point c, clause 3, Article 6, clause 1, Article 7, point b, clause 2, Article 7, points a, c, and d, clause 2, Article 8, and clause 4, Article 8 of this Decree, the time of cessation of the violation for calculating the statute of limitations for penalties is the date of publication, notification, posting, information disclosure;
b) For violations of reporting regulations stipulated in point d, clause 2, Article 7; point a, clause 5, Article 8; points c and d, clause 6, Article 8; point b, clause 2, Article 13; point b, clause 6, Article 13; and point a, clause 8, Article 13 of this Decree; and violations of reporting deadlines stipulated in clause 3, Article 10; and point a, clause 6, Article 13 of this Decree, the date on which the violation ceases for the purpose of calculating the statute of limitations for penalties is the date the report is submitted.
c) For violations of the provisions of point a, clause 3, Article 7 of this Decree, the time of cessation of the violation for calculating the statute of limitations for penalties is the date the cryptocurrency service provider submits the application for adjustment of the License to provide cryptocurrency trading market services to the Ministry of Finance;
d) For violations of failing to separately manage the cryptocurrency funds and assets of each customer from the cryptocurrency funds and assets of the cryptocurrency service provider as stipulated in point a, clause 6, Article 8 of this Decree, the time of cessation of the violation for calculating the statute of limitations for penalties is the date the cryptocurrency service provider implements the separate management of customers' cryptocurrency funds and assets in accordance with the law.
Chapter II
ADMINISTRATIVE VIOLATIONS, FORMS OF PENALTY, AND REMEDIAL MEASURES
Article 6. Violations of regulations on offering and issuing crypto assets
1. A fine of VND 70.000.000 to VND 100.000.000 shall be imposed on organizations issuing crypto assets that violate legal regulations on foreign ownership of assets used as the basis for issuing crypto assets.
2. A fine of VND 100.000.000 to VND 150.000.000 shall be imposed on organizations issuing crypto assets that provide inaccurate, incomplete, or untimely information, causing misunderstanding to state management agencies, crypto asset service providers, and investors.
3. A fine of VND 150.000.000 to VND 200.000.000 shall be imposed on organizations issuing crypto assets that commit one of the following violations:
a) Offering or issuing crypto assets to entities that do not meet the regulations;
b) Offering or issuing crypto assets without meeting the conditions stipulated in Article 5 of Resolution No. 05/2025/NQ-CP;
c) Failure to publish information on the prospectus for the offering and issuance of crypto assets and other related documents on the website of the crypto asset service provider or the website of the issuer as stipulated in Clause 3, Article 6 of Resolution No. 05/2025/NQ-CP;
d) Failure to comply with the information disclosed in the prospectus for the offering or issuance of crypto assets.
4. Additional sanctioning forms:
a) Suspend the offering and issuance of crypto assets for a period of 3 to 03 months for violations of the regulations specified in Clause 2, Point d of Clause 06 of this Article;
b) Suspend the offering and issuance of crypto assets for a period of 06 to 12 months for violations of the regulations specified in points a, b, and c of Clause 3 of this Article.
5. Remedies:
a) To require the provision of accurate and complete information regarding violations of the regulations specified in Clause 2 of this Article;
b) To compel the cancellation of the offering or issuance of crypto assets and to compel the return of all proceeds from the offering or issuance of crypto assets for violations of the provisions in points a, b, and c of Clause 3 of this Article.
Article 7. Violations of regulations on the organization of cryptocurrency trading markets.
1. A fine of VND 70.000.000 to VND 100.000.000 shall be imposed on organizations registered to provide cryptocurrency services that fail to publish information on the official date of service provision to investors on the Ministry of Finance's website, or in one electronic or print newspaper for three consecutive issues within seven working days from the date the Ministry of Finance grants the license to provide cryptocurrency trading market services.
2. A fine of VND 100.000.000 to VND 150.000.000 shall be imposed on organizations providing crypto asset services whose licenses to organize crypto asset trading markets have been revoked for committing one of the following violations:
a) Not immediately ceasing all activities specified in the License to provide services for organizing cryptocurrency trading markets;
b) Failure to publish a notice in at least one electronic or print newspaper for three consecutive issues regarding the termination of all activities specified in the License to provide services for organizing cryptocurrency trading markets;
c) Failure to perform or performing the settlement of customer assets to the crypto asset service provider chosen by the customer or designated by the Ministry of Finance to receive and manage the customer's assets within the specified timeframe;
d) Failure to report to the Ministry of Finance after fulfilling the obligation to settle the client's assets.
3. A fine of VND 150.000.000 to VND 180.000.000 shall be imposed on organizations providing cryptographic asset services that commit one of the following violations:
a) Failure to submit an application for amendment of the License to provide services for organizing cryptocurrency trading markets to the Ministry of Finance when any of the following changes occur: company name, head office address, charter capital, legal representative, information and title of the legal representative:
b) Activities that do not comply with the content stipulated in the License to provide services for organizing cryptocurrency trading markets.
4. A fine of between VND 180.000.000 and VND 200.000.000 shall be imposed for any of the following violations:
a) Engaging in activities providing services related to crypto assets without having been granted a license to provide services for organizing crypto asset trading markets;
b) Advertising and marketing related to crypto assets without having been granted a license to provide crypto asset trading market services.
5. Additional sanctioning forms:
a) Revoking the license to provide services for organizing cryptocurrency trading markets for a period of 01 to 3 months for violations of the regulations specified in point b, clause 03 of this Article;
b) Confiscate the evidence and means used in committing administrative violations for acts violating the provisions of point a, clause 4 of this Article.
6. Remedies:
a) To compel the return of any illegal profits obtained from committing acts violating the provisions of point b, clause 3 and point a, clause 4 of this Article;
b) To order the removal of websites, software, trading systems, and other equipment used to commit violations of the provisions in point b of clause 3 and point a of clause 4 of this Article;
c) To compel the return of an amount equal to the value of the confiscated items and means used in the administrative violation that have been consumed, disposed of, or destroyed in violation of the law, for the violation specified in point a, clause 4 of this Article;
d) Mandating the cancellation or correction of information regarding violations of the regulations specified in point b, clause 4 of this Article.
Article 8. Violations of regulations concerning the responsibilities of organizations providing cryptographic asset services.
1. A warning will be issued to cryptocurrency service providers who fail to fulfill their responsibility to disseminate knowledge about cryptocurrencies to investors.
2. A fine of VND 30.000.000 to VND 50.000.000 shall be imposed on organizations providing cryptographic asset services that commit one of the following violations:
a) Failure to publish, within the prescribed time limit, the procedures stipulated in points b, c, d, g, and k of Clause 6, Article 8 of Resolution No. 05/2025/NQ-CP, audited annual financial statements, or audited contributed capital reports at the most recent time as stipulated in Clause 8, Article 9 of Resolution No. 05/2025/NQ-CP on the enterprise's website or the Ministry of Finance's website;
b) Issuing procedures for amending and supplementing the procedures stipulated in Clause 6, Article 8 of Resolution No. 05/2025/NQ-CP without the opinion of the Ministry of Finance;
c) Failure to provide information within the prescribed time limit to the Ministry of Finance, the State Bank of Vietnam, and the Ministry of Public Security regarding the issuance of crypto assets in the preceding month as stipulated in point c, clause 2, Article 15 of Resolution No. 05/2025/NQ-CP, and regarding the market situation of crypto asset transactions in the preceding month as stipulated in point d, clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;
d) Failing to publicly disclose the service price list related to cryptocurrency business activities, clearly stating the types of service prices, the applicable prices for each type of service and activity, ensuring compliance with legal regulations; or failing to notify or notifying investors within the prescribed timeframe in case of changes to the service price list as stipulated in point e, clause 2, Article 15 of Resolution No. 05/2025/NQ-CP.
3. A fine of VND 50.000.000 to VND 70.000.000 shall be imposed on organizations providing crypto asset services that fail to verify the identity of investors opening accounts.
4. Violations of regulations regarding the deadline for disclosing information as stipulated in Clause 3, Article 15 of Resolution No. 05/2025/NQ-CP shall be subject to the following penalties:
a) A fine of VND 50.000.000 to VND 70.000.000 shall be imposed for the act of delaying the disclosure of information by less than 15 days compared to the regulations or the requirements of the Ministry of Finance;
b) A fine of VND 70.000.000 to VND 100.000.000 shall be imposed for the act of delaying the disclosure of information by 15 days or more compared to the regulations or the requirements of the Ministry of Finance.
5. A fine of VND 70.000.000 to VND 100.000.000 shall be imposed on organizations providing cryptographic asset services that commit one of the following violations:
a) Failure to submit reports as required by the management agency as stipulated in point o, clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;
b) Failure to ensure that advertising and marketing information is accurate, complete, clear, and not misleading, as stipulated in point g, clause 2, Article 15 of Resolution No. 05/2025/NQ-CP.
6. A fine of VND 100.000.000 to VND 150.000.000 shall be imposed on organizations providing cryptographic asset services that commit one of the following violations:
a) Failure to manage the cryptocurrency assets of each customer separately from the cryptocurrency assets of the cryptocurrency service provider;
b) Failure to monitor cryptocurrency trading activities;
c) Failure to report to the Ministry of Finance in cases where information related to the enterprise seriously affects the legitimate rights and interests of investors;
d) Failing to report to the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam on the selection of crypto assets to be used in transactions;
d) Not storing information on servers in Vietnam for the prescribed period as stipulated in point l, clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;
e) Failure to fulfill the responsibility of preventing conflicts of interest between investors and organizations providing crypto asset services as stipulated in point n, clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;
g) Failure to ensure that third parties meet standards on cybersecurity, data protection, and compliance with regulations on anti-money laundering, anti-terrorism financing, and financing of weapons of mass destruction in cases where third-party services are used to support the implementation or provision of services related to crypto assets as stipulated in point p, clause 2, Article 15 of Resolution No. 05/2025/NQ-CP.
7. A fine of VND 150.000.000 to VND 200.000.000 shall be imposed on organizations providing cryptographic asset services that commit one of the following violations:
a) Failure to ensure the issuance conditions, completeness, and accuracy of the prospectus for the offering or issuance of crypto assets or other information that must be disclosed through the system of the service provider when providing a platform for issuing crypto assets as stipulated in point c, clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;
b) There is no guarantee that investors will be provided with services in compliance with the provisions of Clauses 1 and 2 of Article 6 of Resolution No. 05/2025/NQ-CP; there is no guarantee that the opening of investor accounts will comply with the principles stipulated in points a and b of Clause 1, Article 16 of Resolution No. 05/2025/NQ-CP;
c) Failure to ensure the accuracy, truthfulness, and completeness of documents submitted to the management agency;
d) Failure to ensure the security and safety of information technology systems; failure to protect customers' assets.
8. Additional sanctioning forms:
a) Suspension of cryptocurrency service provision for a period of 01 to 03 months for violations of the regulations specified in Clause 6 of this Article;
b) Suspension of cryptocurrency service provision for a period of 03 to 06 months for violations of the regulations specified in Clause 7 of this Article.
9. Remedies:
Mandatory deletion or correction of information for violations of the regulations specified in point b, clause 5 of this Article.
Article 9. Violations of regulations on cryptocurrency transactions
1. A fine of VND 30.000.000 to VND 50.000.000 shall be imposed on domestic investors who trade crypto assets without going through a crypto asset service provider licensed by the Ministry of Finance as stipulated in Clause 2, Article 7 of Resolution No. 05/2025/NQ-CP.
2. A fine of VND 70.000.000 to VND 100.000.000 shall be imposed on domestic investors who trade in crypto assets offered or issued to foreign investors as stipulated in Clause 1, Article 6 of Resolution No. 05/2025/NQ-CP.
Article 10. Violations of regulations related to the transfer of funds by foreign investors.
1. A fine of VND 30.000.000 to VND 50.000.000 shall be imposed on foreign investors who violate regulations on opening, closing, and using payment accounts to conduct transactions related to the purchase and sale of crypto assets in Vietnam, as stipulated in Clauses 1, 2, and 5 of Article 13 of Resolution No. 05/2025/NQ-CP.
2. A fine of VND 70.000.000 to VND 100.000.000 shall be imposed on foreign investors who fail to ensure the authenticity, validity, and legality of documents, information, and data provided to the authorized bank where the foreign investor opens a specialized account; and who fail to truthfully and fully declare the content of transactions related to the purchase and sale of crypto assets in Vietnam.
3. Banks authorized to hold specialized accounts where foreign investors open accounts that fail to comply with or improperly comply with the responsibilities stipulated in Clause 9, Article 13 of Resolution No. 05/2025/NQ-CP shall be subject to the following penalties:
a) A fine of VND 50.000.000 to VND 70.000.000 shall be imposed for the act of failing to submit a written report summarizing the revenue and expenditure situation on the dedicated account used for conducting transactions to buy and sell crypto assets by foreign investors within 15 days of the prescribed deadline;
b) A fine of VND 70.000.000 to VND 100.000.000 shall be imposed for the act of delaying the written report on the summary of revenue and expenditure on the dedicated account used for conducting transactions to buy and sell crypto assets by foreign investors for 15 days or more compared to the regulations.
4. A fine of VND 70.000.000 to VND 100.000.000 shall be imposed on the authorized bank where the foreign investor opens a specialized account for committing one of the following violations:
a) Failure to inspect, retain, or retain incomplete or inappropriate documents and records related to transactions on dedicated accounts to ensure the provision of foreign exchange services for the intended purpose and in accordance with the law, as stipulated in point a, clause 7, Article 13 of Resolution No. 05/2025/NQ-CP;
b) Failure to issue, or issuing incomplete, internal regulations on the documentation, procedures, and processes for opening and using specialized accounts to conduct transactions related to the purchase and sale of crypto assets; failure to publicly disclose internal regulations for foreign investors to be aware of and comply with;
c) Opening, closing, or conducting transactions involving receipts and disbursements on dedicated accounts for foreign investors in violation of legal regulations.
Article 11. The act of illegally collecting, storing, exchanging, buying, selling, giving away, or publicly disclosing data and information of encrypted asset accounts.
1. A fine of VND 150.000.000 to VND 200.000.000 shall be imposed for the illegal collection, storage, exchange, sale, gifting, or public disclosure of data and information on encrypted asset accounts.
2. Additional sanctioning forms:
Trading activities involving cryptocurrencies will be suspended for a period of 1 to 01 months for violations of the regulations specified in Clause 03 of this Article.
3. Remedies:
The offender shall be compelled to return any illegal profits obtained from committing the violation stipulated in Clause 1 of this Article.
Article 12. Acts of obstructing inspections, examinations, and requests for information.
1. A fine of between VND 50.000.000 and VND 100.000.000 shall be imposed for any of the following violations:
a) Refusing to provide information, documents, or electronic data, or providing information, documents, or electronic data late, incompletely, or inaccurately as requested by the inspection team or authorized person;
b) Resisting, obstructing, causing difficulties for, or evading inspections or examinations by competent authorities; failing to provide explanations or failing to appear for work as requested by competent authorities;
c) Deliberately delaying, evading, or failing to implement administrative decisions of competent authorities; failing to comply with requests, recommendations, conclusions, and decisions of inspection teams or competent authorities.
2. A fine of between VND 70.000.000 and VND 150.000.000 shall be imposed for any of the following violations:
a) Concealing, altering documents, records, electronic data, or changing evidence while under inspection or examination;
b) Willfully removing, disposing of, or otherwise altering the status of accounting books, records, documents, or other sealed evidence or materials; misappropriating or destroying documents or evidence related to the inspection.
3. Additional sanctioning forms:
a) Suspending the provision of cryptographic asset services for a period of 1 to 01 months for organizations providing cryptographic asset services that violate the provisions of Clauses 03 and 2 of this Article;
b) Confiscation of evidence and means of administrative violations, including documents, records, books, and electronic data related to violations of the provisions of Clause 2 of this Article.
Article 13. Violations of regulations on anti-money laundering; anti-terrorism financing; and anti-financing of weapons of mass destruction.
1. A fine of between VND 100.000.000 and VND 120.000.000 shall be imposed for any of the following violations of regulations on customer identification:
a) Failure to identify customers; failure to update customer identification information; failure to verify customer identification information; or identifying, updating, or verifying customer identification information in violation of the law on anti-money laundering, anti-terrorism financing, and anti-proliferation of weapons of mass destruction financing;
b) Do not update the blacklist.
2. A fine of VND 100.000.000 to VND 120.000.000 shall be imposed for any of the following violations of regulations on risk assessment:
a) Failure to conduct or update risk assessments on money laundering, terrorist financing, and financing of weapons of mass destruction proliferation as required by law;
b) Failure to report or disseminate the results of risk assessments and updates on money laundering, terrorist financing, and financing of weapons of mass destruction proliferation as required by law.
3. Violations of internal regulations on anti-money laundering; anti-terrorism financing; and anti-financing of weapons of mass destruction are subject to the following penalties:
a) A fine of VND 100.000.000 to VND 150.000.000 shall be imposed for the following acts: failure to apply or incorrect application of internal regulations in the implementation of internal control and internal audit as prescribed by law on anti-money laundering, anti-terrorism financing, and prevention of the proliferation of weapons of mass destruction; failure to apply or register the assignment of responsible persons, officers, or departments in charge of anti-money laundering, anti-terrorism financing, and prevention of the proliferation of weapons of mass destruction as prescribed by law on anti-money laundering, anti-terrorism financing, and prevention of the proliferation of weapons of mass destruction; failure to apply or incorrect application of internal regulations on training, professional development, and recruitment as prescribed by law on anti-money laundering, anti-terrorism financing, and prevention of the proliferation of weapons of mass destruction;
b) A fine of VND 150.000.000 to VND 200.000.000 shall be imposed for the act of failing to issue internal regulations or issuing internal regulations that do not comply with the law on anti-money laundering, anti-terrorism financing, and anti-proliferation of weapons of mass destruction.
4. A fine of between VND 150.000.000 and VND 170.000.000 shall be imposed on one of the following acts of violation:
a) Failure to comply with regulations relating to foreign individual clients with political influence as stipulated in the Law on Anti-Money Laundering;
b) Failure to establish or issue risk management procedures, failure to classify customers by risk level, or establishing risk management procedures and classifying customers by risk level in violation of the law on anti-money laundering, anti-terrorism financing, and anti-proliferation of weapons of mass destruction financing.
5. Violations of regulations concerning new products and services, existing products and services applying innovative technologies, and special transaction monitoring will be subject to the following penalties:
a) A fine of VND 150.000.000 to VND 170.000.000 shall be imposed for the act of failing to comply with or inadequately complying with regulations related to the reporting responsibilities of entities when providing new products or services, or existing products or services applying innovative technologies, as stipulated in the Law on Prevention and Combatting Money Laundering;
b) A fine of VND 170.000.000 to VND 200.000.000 shall be imposed for the act of failing to supervise special transactions as prescribed in the Law on Prevention and Combat of Money Laundering.
6. Violations of regulations regarding reporting large-value transactions, suspicious transactions, and suspected activities related to terrorist financing or financing the proliferation of weapons of mass destruction are subject to the following penalties:
a) A fine of VND 80.000.000 to VND 120.000.000 shall be imposed for violations of regulations on deadlines or requirements for the completeness and accuracy of reporting information for the third time or more in a fiscal year for reporting large-value transactions as prescribed by law on anti-money laundering, anti-terrorism financing, and financing of weapons of mass destruction; and for submitting reports with incomplete information as prescribed by law for reporting suspicious transactions related to money laundering, terrorist financing, and financing of weapons of mass destruction;
b) A fine of VND 150.000.000 to VND 200.000.000 shall be imposed for the following acts: failure to report large-value transactions that are required to be reported; failure to report suspicious transactions related to money laundering, terrorist financing, or financing the proliferation of weapons of mass destruction; failure to report when there is suspicion that a customer or a customer's transaction is related to terrorist financing, financing the proliferation of weapons of mass destruction, or when the customer is on a blacklist or designated list as prescribed by the law on counter-terrorism and the law on preventing the financing of the proliferation of weapons of mass destruction.
7. A fine of VND 150.000.000 to VND 200.000.000 shall be imposed for any of the following violations of regulations concerning the storage, provision, and confidentiality of information, records, documents, and reports:
a) Failure to promptly provide information, records, documents, and reports as required by law on anti-money laundering, anti-terrorism financing, and anti-financing of weapons of mass destruction, but not to the extent of incurring criminal liability;
b) Failure to store or incomplete storage of information, records, documents, and reports; failure to store information, records, and documents within the time limits prescribed by laws on anti-money laundering, anti-terrorism financing, and anti-proliferation of weapons of mass destruction;
c) Failure to comply with regulations on the confidentiality of customer identifying information, records, documents, and reports related to transactions that are required to be reported under the law on anti-money laundering, counter-terrorism financing, and financing of the proliferation of weapons of mass destruction.
8. Violations of regulations regarding transaction delays, account freezing, and asset sealing or seizure are subject to the following penalties:
a) A fine of VND 150.000.000 to VND 170.000.000 shall be imposed for the following acts: failure to report delays in transactions as prescribed by law on anti-money laundering and anti-terrorism financing; failure to immediately report the temporary suspension or freezing of money and assets related to terrorist financing and financing of the proliferation of weapons of mass destruction as prescribed by law;
b) A fine of VND 170.000.000 to VND 200.000.000 shall be imposed for the following acts: failing to apply transaction delay measures as prescribed by the law on anti-money laundering and counter-terrorism financing; failing to freeze accounts, failing to apply sealing, freezing, or temporary seizure of assets when ordered by a competent state agency as prescribed by the Law on Anti-Money Laundering; and failing to temporarily suspend circulation and freeze money and assets related to terrorism, terrorist financing, and financing of the proliferation of weapons of mass destruction as prescribed by law.
9. Violations of regulations regarding CAC Prohibited acts in the fight against money laundering and terrorist financing are subject to the following penalties:
a) A fine of VND 150.000.000 to VND 170.000.000 shall be imposed for obstructing the provision of information serving the work of preventing and combating money laundering and terrorist financing;
b) A fine of VND 160.000.000 to VND 180.000.000 shall be imposed for the violation of establishing or maintaining anonymous accounts or accounts using false names;
c) A fine of VND 180.000.000 to VND 200.000.000 shall be imposed for the following violations: organizing, participating in, or facilitating money laundering activities that do not yet constitute a criminal offense; establishing or maintaining business relationships with shell banks that do not yet constitute a criminal offense; failing to report acts of terrorist financing that do not yet constitute a criminal offense; exploiting the temporary suspension of circulation, freezing, sealing, temporary seizure, or handling of money and assets related to terrorist financing to infringe upon the interests of the State, the legitimate rights and interests of agencies, organizations, and individuals that do not yet constitute a criminal offense; directly or indirectly providing money, assets, financial resources, economic resources, financial services, or other services to organizations or individuals related to terrorism or terrorist financing that do not yet constitute a criminal offense.
10. Additional sanctioning forms:
a) Suspending the provision of cryptographic asset services for a period of 01 to 03 months for organizations providing cryptographic asset services that violate the provisions of Clause 9 of this Article;
b) Suspending the offering and issuance of crypto assets for a period of 06 to 12 months for the issuer of crypto assets that commits violations of the provisions of Clause 9 of this Article;
c) Suspending cryptocurrency trading activities for a period of 06 to 12 months for organizations and individuals trading cryptocurrency who violate the provisions of Clause 9 of this Article.
Chapter III
AUTHORITY TO IMPOSE PENALTIES, DRAW UP ADMINISTRATIVE VIOLATION RECORDS, APPLY SUPPLEMENTARY PENALTIES, AND MEASURES TO REMEDY CONSEQUENCES OF ADMINISTRATIVE VIOLATIONS
Article 14. Authority to impose administrative penalties for violations
1. The head of the inspection team, established by the Chief Inspector of the State Securities Commission, has the right to:
a) Warning;
b) A maximum fine of VND 100.000.000 shall be imposed on organizations and a maximum fine of VND 50.000.000 shall be imposed on individuals;
c) Confiscation of evidence and means used in administrative violations;
d) Applying remedial measures as prescribed in Clause 3, Article 3 of this Decree.
2. The head of the inspection team, appointed by the Chief Inspector of the State Bank of Vietnam in the region, has the right to:
a) Warning;
b) A maximum fine of VND 100.000.000 shall be imposed on organizations and a maximum fine of VND 50.000.000 shall be imposed on individuals;
c) Confiscation of evidence and means used in administrative violations;
d) Applying remedial measures as prescribed in Clause 3, Article 3 of this Decree.
3. The Chief Inspector of State Securities, Head of the inspection team established by the Chairman of the State Securities Commission, has the right to:
a) Warning;
b) A maximum fine of VND 160.000.000 shall be imposed on organizations and a maximum fine of VND 80.000.000 shall be imposed on individuals;
c) Applying the supplementary penalties and remedial measures prescribed in Clauses 2 and 3 of Article 3 of this Decree.
4. The Chief Inspector of the State Bank of Vietnam in the region has the authority to:
a) Warning;
b) A maximum fine of VND 160.000.000 shall be imposed on organizations and a maximum fine of VND 80.000.000 shall be imposed on individuals;
c) Applying the supplementary penalties and remedial measures prescribed in Clauses 2 and 3 of Article 3 of this Decree.
5. Heads of professional departments under the Economic Security Department include: Head of the Monetary Security Department, Head of the Financial and Investment Security Department, Head of the Science, Technology and Resources and Environment Security Department; Heads of professional departments under the Cyber Security and High-Tech Crime Prevention and Control Department include: Head of the Department for Preventing and Combating Cybercrime infringing on economic management order, Head of the Network Information Security Department, Head of the Department for Protecting the Security of the National Information Network System, Head of the Department for Monitoring Network Information and Preventing Activities Using Cyberspace to Infringe on National Security; The heads of provincial-level police departments, including the Head of the Department of Criminal Investigation of Corruption, Economic Crimes, Smuggling, and Environmental Crimes; the Head of the Department of Cybersecurity and High-Tech Crime Prevention and Control; the Head of the Economic Security Department; the Chief of the Office of the Provincial Police Investigation Agency; and the heads of inspection teams established by the heads of units under the Ministry of Public Security, including the Economic Security Department, the Office of the Ministry of Public Security's Police Investigation Agency, the Department of Criminal Investigation of Corruption, Economic Crimes, and Smuggling, and the Department of Cybersecurity and High-Tech Crime Prevention and Control, have the authority to:
a) Warning;
b) A maximum fine of VND 160.000.000 shall be imposed on organizations and a maximum fine of VND 80.000.000 shall be imposed on individuals;
c) Applying the supplementary penalties and remedial measures prescribed in Clauses 2 and 3 of Article 3 of this Decree.
6. The Chairman of the State Securities Commission, the Chairman of the Provincial People's Committee, and the Head of the inspection team established by the Minister of Finance have the right to:
a) Warning;
b) A maximum fine of VND 200.000.000 shall be imposed on organizations and a maximum fine of VND 100.000.000 shall be imposed on individuals;
c) Applying the supplementary penalties and remedial measures prescribed in Clauses 2 and 3 of Article 3 of this Decree.
7. The Director of the Economic Security Department, the Chief of the Office of the Police Investigation Agency of the Ministry of Public Security, the Director of the Department of Investigation of Crimes related to Corruption, Economics, and Smuggling, the Director of the Cyber Security and High-Tech Crime Prevention and Control Department, the Director of the Provincial Public Security Department, the Chief Inspector of the Ministry of Public Security, the Head of the inspection team established by the Chief Inspector of the Ministry of Public Security, and the Head of the inspection team established by the Minister of Public Security have the right to:
a) Warning;
b) A maximum fine of VND 200.000.000 shall be imposed on organizations and a maximum fine of VND 100.000.000 shall be imposed on individuals;
c) Applying supplementary penalties and remedial measures as prescribed in Clauses 2 and 3 of Article 3 of this Decree.
8. The Chief Inspector of the State Bank of Vietnam, and the head of the inspection team established by the Chief Inspector of the State Bank of Vietnam, have the right to:
a) Warning;
b) A maximum fine of VND 200.000.000 shall be imposed on organizations and a maximum fine of VND 100.000.000 shall be imposed on individuals;
c) Applying the supplementary penalties and remedial measures prescribed in Clauses 2 and 3 of Article 3 of this Decree.
Article 15. Principles for determining and delineating the authority to impose administrative penalties for violations related to crypto assets and the crypto asset market.
1. The head of the inspection team or the head of the audit team has the authority to impose penalties for administrative violations within the scope and content of the inspection or audit, as stipulated by law. If, after the expiration of the inspection or audit period as stipulated by law, a penalty decision cannot be issued, the case must be transferred to the competent authority for penalty handling.
2. In cases where administrative violations concerning crypto assets and the crypto asset market fall under the jurisdiction of multiple authorities, the administrative penalty shall be imposed by the authority that first handles the case.
3. In cases where the form, level of punishment, supplementary punishment, and remedial measures prescribed for one of the acts exceed the limits.
If the person in authority handling the case is unable to impose administrative penalties, that person must transfer the violation to the competent authority for further action.
4. The authority to impose administrative penalties for violations is defined as follows for the positions specified in Article 14 of this Decree:
a) The positions specified in Clauses 1, 3, 5, 6, and 7 of Article 14 of this Decree have the authority to impose penalties for violations of the provisions in Articles 6, 7, 8, 9, Clause 3 of Article 10, Article 11, Article 12, and Article 13 of this Decree;
b) The positions specified in Clauses 2, 4, and 8 of Article 14 of this Decree have the authority to impose penalties for violations of the provisions in Articles 10, 11, 12, and 13 of this Decree.
Article 16. Authority to draw up administrative violation reports
The following individuals are authorized to draw up administrative violation reports concerning crypto assets and the crypto asset market:
1. The person authorized to impose penalties as stipulated in Article 14 of this Decree has the authority to draw up administrative violation reports for administrative violations according to the division of authority for imposing penalties as stipulated in Article 15 of this Decree.
2. Public officials in the finance sector, public officials in the banking sector, and members of the People's Public Security Force performing their duties have the authority to draw up administrative violation reports regarding crypto assets and the crypto asset market for violations occurring within the scope of their agency's or unit's management.
3. Members of the inspection team and members of the audit team shall draw up a report on violations discovered during the inspection or audit process, within the scope and content of the inspection or audit.
Article 17. Application of measures to suspend the offering and issuance of crypto assets.
1. When applying the temporary suspension of the offering and issuance of crypto assets as stipulated in Clause 4 of Article 6 and Point b of Clause 10 of Article 13 of this Decree, the competent authority specified in Article 14 of this Decree shall issue a decision to temporarily suspend all activities of offering and issuing crypto assets on the Vietnamese crypto asset market of the violating organization.
2. Within 03 working days from the date of issuing the penalty decision, the competent authority that issued the penalty decision must send the penalty decision to the penalized organization, the cryptographic service providers, the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.
3. The violating organization must immediately cease all ongoing cryptocurrency offering and issuance activities and is prohibited from conducting any new cryptocurrency offerings or issuances in Vietnam during the suspension period.
Article 18. Application of suspension of cryptocurrency service provision activities.
1. When applying the supplementary penalty of suspending the provision of cryptographic services as stipulated in Clause 8 of Article 8, Point a of Clause 3 of Article 12, and Point a of Clause 10 of Article 13 of this Decree, the competent authority specified in Article 14 of this Decree has the right to issue a decision to temporarily suspend one or more cryptographic services or activities of the violating organization in cases where the violation arises from the provision of one or more such services or activities.
2. In cases where a decision is made to temporarily suspend one or more services or activities related to crypto assets, the competent authority as stipulated in Article 14 of this Decree must clearly state in the penalty decision the suspended service or activity, the suspension period, and the effective date of the suspension decision.
3. Within 03 working days from the date of issuing the penalty decision, the competent authority that issued the penalty decision must send the penalty decision to the penalized organization, the cryptographic service providers, the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.
4. The penalized organization must immediately cease one or more services or activities related to crypto assets as specified in the penalty decision during the suspension period; it is prohibited from signing new or renewing contracts related to the suspended services or activities related to crypto assets; and it must settle accounts and transfer funds as requested by investors (if any).
Article 19. Application of remedial measures
1. The time limit for implementing remedial measures such as canceling information, correcting information, and providing accurate and complete information as stipulated in point a, clause 5, Article 6, point d, clause 6, Article 7, and clause 9, Article 8 of this Decree is a maximum of 10 working days from the date the violating individual or organization receives the penalty decision applying remedial measures. The violating organization must publish the cancellation or correction of information on one electronic newspaper and on its own website. When canceling or correcting information, the violating organization must simultaneously report to the Ministry of Finance about the canceled and corrected information.
2. The illegal profits obtained from committing violations as stipulated in point a, clause 6, Article 7 of this Decree are profits including money, securities, assets and valuable items that organizations and individuals obtain from operating cryptocurrency trading markets through providing platforms or infrastructure systems for information exchange, order aggregation for buying and selling, cryptocurrency trading, and cryptocurrency transaction settlement without a license; or profits obtained from buying or selling cryptocurrency to the cryptocurrency service provider itself without a license; or profits obtained from providing cryptocurrency services without a license; or profits obtained from activities not in accordance with the content stipulated in the license to provide cryptocurrency trading market services, determined on the basis of the contract or agreement between the service provider and other organizations and individuals after deducting applicable taxes and fees.
The illegal profits obtained from committing violations as stipulated in Clause 3, Article 11 of this Decree are the profits including money, securities, assets, and valuable items that organizations and individuals obtain from the illegal collection, storage, exchange, sale, gifting, or public disclosure of data, account information, and encrypted assets, determined on the basis of a contract or agreement between the violating organization or individual and other organizations or individuals after deducting applicable taxes and fees.
The deadline for implementing the measure to compel the return of illegal profits obtained from the violation is a maximum of 60 days, counting from the date the violating individual or organization receives the decision to apply this measure.
3. The remedial measures requiring the cancellation of the offering or issuance of crypto assets and the return of all proceeds from the offering or issuance of crypto assets, as stipulated in point b, clause 5, Article 6 of this Decree, shall be implemented as follows:
a) Within a maximum of 03 working days from the date of receiving the administrative penalty decision or the decision to apply remedial measures, the violating organization must send a written notice to the investor regarding the cancellation of the offering or issuance of crypto assets and the refund of the money paid by the investor for the crypto assets;
b) The violating organization must report to the person who issued the administrative penalty decision or the decision to apply remedial measures the results of canceling the offering or issuance of crypto assets and refunding the money paid by investors for the crypto assets, within a maximum of 03 working days from the date of completion of the refund to investors.
4. The time limit for implementing measures to compel the removal of websites, software, trading systems, and other equipment used to commit violations as stipulated in point b, clause 6, Article 7 of this Decree is a maximum of 03 working days from the date the violating individual or organization receives the decision to apply this measure.
5. The time limit for implementing the measure of requiring the return of an amount equal to the value of confiscated goods and means of administrative violations that have been consumed, disposed of, or destroyed in violation of the law, as stipulated in point c, clause 6, Article 7 of this Decree, is a maximum of 30 days from the date the violating individual or organization receives the decision to apply this measure.
6. The violating organization must report to the competent authority that issued the penalty decision on the results of implementing the remedial measures stipulated in Clauses 1, 2, 4, and 5 of this Article within a maximum of 03 working days from the date of expiration of the deadline for complying with the remedial measures.
Article 20. Sanctions for administrative violations in the electronic environment
The handling of administrative violations in the electronic environment as prescribed in this Decree shall be applied in accordance with the provisions of Articles 28a and 28b of Government Decree No. 118/2021/ND-CP detailing a number of articles and measures for the implementation of the Law on Handling Administrative Violations, as amended and supplemented by Decree No. 68/2025/ND-CP and Decree No. 190/2025/ND-CP.
Chapter IV
TERMS ENFORCEMENT
Article 21. Enforcement
This Decree shall be effective from September 1, 2026 until the date Resolution No. 05/2025/NQ-CP ceases to be in effect.
Article 22. Transitional provisions
1. For violations committed after Resolution No. 05/2025/NQ-CP ceases to be in effect, administrative penalties shall be imposed in accordance with the legal regulations in effect at that time.
2. In the event that the Government decides to temporarily suspend, terminate, or suspend the pilot implementation of the cryptocurrency market in Vietnam as stipulated in Clause 2, Article 4 of Resolution No. 05/2025/NQ-CP, administrative violations that ended before the temporary suspension, termination, or suspension of the pilot implementation of the cryptocurrency market but have not yet been penalized shall continue to be penalized according to the provisions of this Decree; for administrative violations that are currently being committed, the legal documents in effect at the time the violation is detected shall be applied for punishment.
Article 23. Responsible for implementing
1. The Minister of Finance is responsible for guiding and organizing the implementation of this Decree.
2. Ministers, heads of ministerial-level agencies, chairpersons of provincial and centrally-administered city People's Committees, and relevant organizations and individuals are responsible for implementing this Decree.