Decree 284/2026/ND-CP sanctioning administrative violations regarding crypto-assets and the crypto-asset market

DECREE

Prescribing the sanctioning of administrative violations regarding crypto-assets and the crypto-asset market

Pursuant to the Law on Organization of the Government No. 63/2025/QH15;

Pursuant to the Law on Handling of Administrative Violations No. 15/2012/QH13, which was amended and supplemented by Law No. 67/2020/QH14 and Law No. 88/2025/QH15;

Pursuant to the Law on Digital Technology Industry No. 71/2025/QH15;

Pursuant to the Law on Anti-Money Laundering No. 14/2022/QH15;

Pursuant to the Counter-Terrorism Law No. 28/2013/QH13;

Pursuant to the Government's Resolution No. 05/2025/NQ-CP on piloting the crypto asset market in Vietnam;

At the proposal of the Minister of Finance;

The Government promulgates the Decree prescribing the sanctioning of administrative violations regarding crypto-assets and the crypto-asset market.

Chapter I

GENERAL PROVISIONS

Article 1. Scope of regulation

1. This Decree prescribes acts of administrative violation, forms of sanction, fine levels, remedial measures, the execution of forms of administrative sanctions and remedial measures, competence to draw up records, and competence to sanction administrative violations regarding crypto-assets and the crypto-asset market in Vietnam according to the Government's Resolution No. 05/2025/NQ-CP dated September 09, 2025, on the pilot implementation of the crypto-asset market in Vietnam.

2. Administrative violations regarding crypto-assets and the crypto-asset market prescribed in this Decree include:

a) Violations against regulations on crypto-asset offering and issuance;

b) Violations against regulations on the organization of crypto-asset trading markets;

c) Violations against regulations on the responsibilities of crypto-asset service providers;

d) Violations against regulations on crypto-asset trading;

dd) Violations against regulations related to money transfers by foreign investors;

e) Acts of obstructing inspection, examination, and requests for provision of information;

g) Acts of unlawful collection, storage, exchange, trading, gifting, or publicization of data and crypto-asset account information;

h) Violations against regulations on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction applicable to organizations and individuals participating in the crypto-asset market.

3. Administrative violations in other fields related to crypto-assets and the crypto-asset market which are not prescribed in this Decree shall be sanctioned in accordance with the Decrees prescribing the sanctioning of administrative violations in relevant fields.

Article 2. Subjects 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 regarding crypto-assets and the crypto-asset market prescribed in this Decree;

b) Persons with competence to draw up records of administrative violations, persons with competence to sanction administrative violations, and other related organizations and individuals.

2. The organizations prescribed at Point a, Clause 1 of this Article include:

a) Crypto-asset issuing organizations;

b) Crypto-asset service providers;

c) Organizations established under Vietnamese law and organizations established under foreign law participating in crypto-asset investment and operating in the crypto-asset market in Vietnam within the scope prescribed in Resolution No. 05/2025/NQ-CP;

d) Other organizations related to crypto-asset offering and issuance operations, and organization of crypto-asset trading markets in Vietnam.

Article 3. Forms of administrative sanctions and remedial measures

1. Principal sanctions:

a) Warning;

b) Fine.

2. Additional sanctions:

a) Deprivation of the right to use the License for provision of crypto-asset trading market organization services for a period of from 01 to 03 months;

b) Suspension of crypto-asset offering and issuance operations for a period of from 01 to 12 months;

c) Suspension of crypto-asset service provision operations for a period of from 01 to 06 months;

d) Suspension of crypto-asset trading operations for a period of from 01 to 12 months;

dd) Confiscation of exhibits and means used for committing administrative violations.

3. Remedial measures:

a) Forcible retraction or correction of information; forcible provision of accurate and complete information;

b) Forcible remittance of illegal profits obtained from committing the violation;

c) Forcible removal of websites, software, trading systems, and other equipment used for committing the violation;

d) Forcible cancellation of the crypto-asset offering and issuance tranche, and forcible refund of the entire amount of money collected from such offering and issuance;

dd) Forcible payment of an amount equal to the value of exhibits and means used for committing the administrative violation which have been illegally consumed, dispersed, or destroyed.

Article 4. Maximum fine levels and committing administrative violations multiple times

1. The maximum fine level for an act of violation prescribed in this Decree shall be VND 200,000,000 for organizations, and VND 100,000,000 for individuals.

2. The fine levels prescribed in Chapter II of this Decree shall apply to organizations. In cases where an individual commits the same act of violation as an organization, the fine level shall be equal to 1/2 (one-half) of the fine level applicable to the organization.

3. Any organization or individual that commits administrative violations multiple times shall be sanctioned for each act of violation, except for the case where the acts of violation prescribed in Clause 4, Article 8 and Clause 3, Article 10 of this Decree are committed multiple times, for which such organization or individual shall be sanctioned once with the application of the aggravating circumstance of committing administrative violations multiple times.

Article 5. Statute of limitations for sanctioning of administrative violations regarding crypto-assets and the crypto-asset market; completed administrative violations and administrative violations in progress

1. The statute of limitations for sanctioning of administrative violations regarding crypto-assets and the crypto-asset market shall be 01 year.

2. In cases where the sanctioning of administrative violations against organizations or individuals is transferred by competent agencies conducting legal proceedings, the statute of limitations for sanctioning applied under Clause 1 of this Article shall be extended by 01 year. The time during which the competent agencies conducting legal proceedings accept and examine the cases shall be included in the statute of limitations for sanctioning of administrative violations.

3. Within the time limits prescribed in Clauses 1 and 2 of this Article, if the violating organizations or individuals deliberately evade or obstruct the sanctioning, the statute of limitations for sanctioning of administrative violations shall be re-calculated from the time of termination of the act of evasion or obstruction.

4. The determination of completed administrative violations and administrative violations in progress to calculate the statute of limitations for sanctioning of administrative violations shall comply with the law on handling of administrative violations.

5. The time of termination of an act of violation to calculate the statute of limitations for sanctioning regarding several acts of violation in Chapter II of this Decree is prescribed as follows:

a) For acts of violation of regulations on disclosure, notification, posting, provision of information, and publicization prescribed at 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 termination of the act of violation to calculate the statute of limitations for sanctioning shall be the date of executing such disclosure, notification, posting, provision of information, or publicization;

b) For acts of violation of regulations on reporting prescribed at 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; acts of violation regarding reporting deadlines prescribed in Clause 3, Article 10, and Point a, Clause 6, Article 13 of this Decree, the time of termination of the act of violation to calculate the statute of limitations for sanctioning shall be the date of submitting the report;

c) For the act of violation prescribed at Point a, Clause 3, Article 7 of this Decree, the time of termination of the act of violation to calculate the statute of limitations for sanctioning shall be the date the crypto-asset service provider submits the dossier for adjustment of the License for provision of crypto-asset trading market organization services to the Ministry of Finance;

d) For the act of violation of failing to separately manage the money and crypto-assets of each customer from the money and crypto-assets of the crypto-asset service provider prescribed at Point a, Clause 6, Article 8 of this Decree, the time of termination of the act of violation to calculate the statute of limitations for sanctioning shall be the date the crypto-asset service provider executes the separate management of customers' money and crypto-assets in compliance with law.

Chapter II

ACTS OF ADMINISTRATIVE VIOLATION, FORMS OF SANCTION AND REMEDIAL MEASURES

Article 6. Violations against regulations on crypto-asset offering and issuance

1. A fine ranging from VND 70,000,000 to VND 100,000,000 shall be imposed upon a crypto-asset issuing organization that commits a violation against legal regulations on foreign ownership regarding the assets underlying the crypto-asset issuance.

2. A fine ranging from VND 100,000,000 to VND 150,000,000 shall be imposed upon a crypto-asset issuing organization that provides inaccurate, incomplete, untimely, or misleading information to state management agencies, crypto-asset service providers, and investors.

3. A fine ranging from VND 150,000,000 to VND 200,000,000 shall be imposed upon a crypto-asset issuing organization that commits any of the following acts of violation:

a) Offering and issuing crypto-assets to subjects not in accordance with regulations;

b) Offering and issuing crypto-assets without fully satisfying the conditions prescribed in Article 5 of Resolution No. 05/2025/NQ-CP;

c) Failing to disclose information on the Prospectus for crypto-asset offering and issuance and other relevant documents on the website of the crypto-asset service provider and the website of the crypto-asset issuing organization in accordance with Clause 3, Article 6 of Resolution No. 05/2025/NQ-CP;

d) Failing to comply with the information disclosed in the Prospectus for crypto-asset offering and issuance.

4. Additional sanctions:

a) Suspension of crypto-asset offering and issuance operations for a period of from 03 to 06 months for the act of violation prescribed in Clause 2, and Point d, Clause 3 of this Article;

b) Suspension of crypto-asset offering and issuance operations for a period of from 06 to 12 months for the acts of violation prescribed at Points a, b and c, Clause 3 of this Article.

5. Remedial measures:

a) Forcible provision of accurate and complete information for the act of violation prescribed in Clause 2 of this Article;

b) Forcible cancellation of the crypto-asset offering and issuance tranche, and forcible refund of the entire amount of money collected from such offering and issuance for the acts of violation prescribed at Points a, b and c, Clause 3 of this Article.

Article 7. Violations against regulations on organization of crypto-asset trading markets

1. A fine ranging from VND 70,000,000 to VND 100,000,000 shall be imposed upon an organization registering for crypto-asset service provision that fails to disclose information regarding the official date of providing crypto-asset services to investors on the website of the Ministry of Finance, and on 01 online newspaper or printed newspaper for 03 consecutive issues within a time limit of 07 working days from the time the Ministry of Finance issues the License for provision of crypto-asset trading market organization services.

2. A fine ranging from VND 100,000,000 to VND 150,000,000 shall be imposed upon a crypto-asset service provider whose License for provision of crypto-asset trading market organization services is revoked that commits any of the following acts of violation:

a) Failing to immediately terminate all operations specified in the License for provision of crypto-asset trading market organization services;

b) Failing to notify on 01 online newspaper or printed newspaper for 03 consecutive issues regarding the termination of all operations specified in the License for provision of crypto-asset trading market organization services;

c) Failing to perform, or performing not within the prescribed time limit, the final settlement of customers' assets to the crypto-asset service provider selected by the customers or designated by the Ministry of Finance to receive and manage the customers' assets;

d) Failing to report to the Ministry of Finance after completing the obligation of final settlement of customers' assets.

3. A fine ranging from VND 150,000,000 to VND 180,000,000 shall be imposed upon a crypto-asset service provider that commits any of the following acts of violation:

a) Failing to submit the dossier for adjustment of the License for provision of crypto-asset trading market organization services to the Ministry of Finance upon any of the following changes: company name, address of the head office, charter capital, legal representative, information, or title of the legal representative;

b) Operating not in accordance with the contents prescribed in the License for provision of crypto-asset trading market organization services.

4. A fine ranging from VND 180,000,000 to VND 200,000,000 shall be imposed for any of the following acts of violation:

a) Performing operations of providing services related to crypto-assets without being granted the License for provision of crypto-asset trading market organization services;

b) Advertising or marketing related to crypto-assets without being granted the License for provision of crypto-asset trading market organization services.

5. Additional sanctions:

a) Deprivation of the right to use the License for provision of crypto-asset trading market organization services for a period of from 01 to 03 months for the act of violation prescribed at Point b, Clause 3 of this Article;

b) Confiscation of exhibits and means used for committing administrative violations for the act of violation prescribed at Point a, Clause 4 of this Article.

6. Remedial measures:

a) Forcible remittance of illegal profits obtained from committing the act of violation prescribed at Point b, Clause 3 and Point a, Clause 4 of this Article;

b) Forcible removal of websites, software, trading systems, and other equipment used for committing the act of violation prescribed at Point b, Clause 3 and Point a, Clause 4 of this Article;

c) Forcible payment of an amount equal to the value of exhibits and means used for committing the administrative violations which have been illegally consumed, dispersed, or destroyed for the act of violation prescribed at Point a, Clause 4 of this Article;

d) Forcible retraction or correction of information for the act of violation prescribed at Point b, Clause 4 of this Article.

Article 8. Violations against regulations on responsibilities of crypto-asset service providers

1. A warning shall be imposed upon a crypto-asset service provider that fails to perform the responsibility of propagating and disseminating knowledge about crypto-assets to investors.

2. A fine ranging from VND 30,000,000 to VND 50,000,000 shall be imposed upon a crypto-asset service provider that commits any of the following acts of violation:

a) Failing to post within the prescribed time limit the processes prescribed at Points b, c, d, g and k, Clause 6, Article 8 of Resolution No. 05/2025/NQ-CP, the audited annual financial statement, or the audited report on contributed charter capital at the most recent time prescribed in Clause 8, Article 9 of Resolution No. 05/2025/NQ-CP on the enterprise's website and the website of the Ministry of Finance;

b) Issuing processes that amend or supplement the processes prescribed in Clause 6, Article 8 of Resolution No. 05/2025/NQ-CP without the opinions of the Ministry of Finance;

c) Failing 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 crypto-asset issuance tranches in the immediately preceding month in accordance with Point c, Clause 2, Article 15 of Resolution No. 05/2025/NQ-CP, and regarding the situation of the crypto-asset trading market in the immediately preceding month in accordance with Point d, Clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;

d) Failing to publicize the service tariff related to crypto-asset business operations, which clearly states the types of service prices and the price levels applicable to each type of service and operation, ensuring compliance with law; or failing to notify, or notifying not within the prescribed time limit, to investors in case of any changes in the service tariff in accordance with Point e, Clause 2, Article 15 of Resolution No. 05/2025/NQ-CP.

3. A fine ranging from VND 50,000,000 to VND 70,000,000 shall be imposed upon a crypto-asset service provider that fails to verify the identity of investors opening accounts.

4. Acts of violation against regulations on information disclosure deadlines prescribed in Clause 3, Article 15 of Resolution No. 05/2025/NQ-CP shall be sanctioned as follows:

a) A fine ranging from VND 50,000,000 to VND 70,000,000 for the act of delaying information disclosure for less than 15 days compared to the regulations or requirements of the Ministry of Finance;

b) A fine ranging from VND 70,000,000 to VND 100,000,000 for the act of delaying information disclosure for 15 days or more compared to the regulations or requirements of the Ministry of Finance.

5. A fine ranging from VND 70,000,000 to VND 100,000,000 shall be imposed upon a crypto-asset service provider that commits any of the following acts of violation:

a) Failing to report upon the request of management agencies in accordance with Point o, Clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;

b) Failing to ensure that advertising and marketing information is accurate, complete, clear, and not misleading in accordance with Point g, Clause 2, Article 15 of Resolution No. 05/2025/NQ-CP.

6. A fine ranging from VND 100,000,000 to VND 150,000,000 shall be imposed upon a crypto-asset service provider that commits any of the following acts of violation:

a) Failing to separately manage the money and crypto-assets of each customer from the money and crypto-assets of the crypto-asset service provider;

b) Failing to supervise crypto-asset trading operations;

c) Failing to report to the Ministry of Finance in cases where there is information related to the enterprise that seriously affects the lawful 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 regarding the selection of the types of crypto-assets to be put into trading;

dd) Failing to store on the server system in Vietnam within the prescribed time limit the information as prescribed at Point l, Clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;

e) Failing to perform the responsibility of preventing conflicts of interest between investors and the crypto-asset service provider in accordance with Point n, Clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;

g) Failing to ensure that third parties meet the standards on cybersecurity and data protection, and comply with regulations on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction in cases of using third-party services to support the execution and provision of services related to crypto-assets in accordance with Point p, Clause 2, Article 15 of Resolution No. 05/2025/NQ-CP.

7. A fine ranging from VND 150,000,000 to VND 200,000,000 shall be imposed upon a crypto-asset service provider that commits any of the following acts of violation:

a) Failing to ensure the issuance conditions, the completeness and accuracy of the Prospectus for crypto-asset offering and issuance, or other information subject to disclosure through the system of the service provider when providing crypto-asset issuance platform services in accordance with Point c, Clause 2, Article 15 of Resolution No. 05/2025/NQ-CP;

b) Failing to ensure that investors provided with services comply with Clauses 1 and 2, Article 6 of Resolution No. 05/2025/NQ-CP; failing to ensure that the opening of accounts by investors complies with the principles prescribed at Points a and b, Clause 1, Article 16 of Resolution No. 05/2025/NQ-CP;

c) Failing to ensure the accuracy, truthfulness, and completeness of dossiers submitted to management agencies;

d) Failing to ensure the security and safety of the information technology system; failing to protect customers' assets.

8. Additional sanctions:

a) Suspension of crypto-asset service provision operations for a period of from 01 to 03 months for the acts of violation prescribed in Clause 6 of this Article;

b) Suspension of crypto-asset service provision operations for a period of from 03 to 06 months for the acts of violation prescribed in Clause 7 of this Article.

9. Remedial measures:

Forcible retraction or correction of information for the act of violation prescribed at Point b, Clause 5 of this Article.

Article 9. Violations against regulations on crypto-asset trading

1. A fine ranging from VND 30,000,000 to VND 50,000,000 shall be imposed upon a domestic investor that trades crypto-assets not through a crypto-asset service provider licensed by the Ministry of Finance in accordance with Clause 2, Article 7 of Resolution No. 05/2025/NQ-CP.

2. A fine ranging from VND 70,000,000 to VND 100,000,000 shall be imposed upon a domestic investor that trades crypto-assets offered and issued to foreign investors in accordance with Clause 1, Article 6 of Resolution No. 05/2025/NQ-CP.

Article 10. Violations against regulations related to money transfers by foreign investors

1. A fine ranging from VND 30,000,000 to VND 50,000,000 shall be imposed upon a foreign investor that violates regulations on opening, closing, and using payment accounts to conduct receipt and payment transactions related to the purchase and sale of crypto-assets in Vietnam as prescribed in Clauses 1, 2, and 5, Article 13 of Resolution No. 05/2025/NQ-CP.

2. A fine ranging from VND 70,000,000 to VND 100,000,000 shall be imposed upon a foreign investor that fails to ensure the authenticity, validity, and legality of the dossiers, documents, information, and data provided to the authorized bank where such foreign investor opens the specialized account; or fails to truthfully and fully declare the contents of transactions related to the purchase and sale of crypto-assets in Vietnam.

3. An authorized bank where a foreign investor opens a specialized account that fails to perform, or performs improperly, the regulations on responsibilities prescribed in Clause 9, Article 13 of Resolution No. 05/2025/NQ-CP shall be sanctioned as follows:

a) A fine ranging from VND 50,000,000 to VND 70,000,000 for the act of delaying the submission of written reports on the consolidation of receipt and payment situations on the specialized accounts used for crypto-asset purchase and sale transactions of foreign investors for less than 15 days compared to the regulations;

b) A fine ranging from VND 70,000,000 to VND 100,000,000 for the act of delaying the submission of written reports on the consolidation of receipt and payment situations on the specialized accounts used for crypto-asset purchase and sale transactions of foreign investors for 15 days or more compared to the regulations.

4. A fine ranging from VND 70,000,000 to VND 100,000,000 shall be imposed upon an authorized bank where a foreign investor opens a specialized account that commits any of the following acts of violation:

a) Failing to inspect, failing to preserve, or preserving incompletely or inappropriately the papers and documents related to transactions on the specialized account to ensure the provision of foreign exchange services for proper purposes and in accordance with law as prescribed at Point a, Clause 7, Article 13 of Resolution No. 05/2025/NQ-CP;

b) Failing to issue, or issuing incompletely, internal regulations on the dossiers, order, and procedures for opening and using specialized accounts to conduct receipt and payment transactions related to the purchase and sale of crypto-assets; or failing to publicize the internal regulations for foreign investors to know and implement;

c) Executing the opening or closing of, or conducting receipt and payment transactions on, specialized accounts for foreign investors not in accordance with law.

Article 11. Acts of unlawful collection, storage, exchange, trading, gifting, or publicization of data and crypto-asset account information

1. A fine ranging from VND 150,000,000 to VND 200,000,000 shall be imposed for the act of illegally collecting, storing, exchanging, buying, selling, donating, or publicizing data and crypto-asset account information.

2. Additional sanctions:

Suspension of crypto-asset trading operations for a period of from 01 to 03 months for the act of violation prescribed in Clause 1 of this Article.

3. Remedial measures:

Forcible remittance of illegal profits obtained from committing the act of violation prescribed in Clause 1 of this Article.

Article 12. Acts of obstructing inspection, examination, and requests for provision of information

1. A fine ranging from VND 50,000,000 to VND 100,000,000 shall be imposed for any of the following acts of violation:

a) Refusing to provide information, documents, or electronic data; or providing information, documents, or electronic data not within the prescribed time limit, incompletely, or inaccurately upon the request of the inspection or examination delegation or competent persons;

b) Opposing, obstructing, causing difficulties to, or evading the inspection or examination by competent persons; failing to provide explanations, or failing to appear for working sessions upon the request of competent persons;

c) Deliberately delaying, evading, or failing to execute administrative decisions of competent persons; failing to comply with requests, recommendations, conclusions, or handling decisions of the inspection or examination delegation or competent persons.

2. A fine ranging from VND 70,000,000 to VND 150,000,000 shall be imposed for any of the following acts of violation:

a) Concealing or altering documents, books, or electronic data, or changing the exhibits while being subjected to inspection or examination;

b) Removing, dispersing, or committing other acts that change the state of books, dossiers, accounting documents, or other sealed exhibits and means without authorization; unlawfully appropriating or destroying documents or material evidences related to the inspection contents.

3. Additional sanctions:

a) Suspension of crypto-asset service provision operations for a period of from 01 to 03 months for crypto-asset service providers that commit the acts of violation prescribed in Clauses 1 and 2 of this Article;

b) Confiscation of exhibits and means used for committing administrative violations which are documents, accounting books, or electronic data for the acts of violation prescribed in Clause 2 of this Article.

Article 13. Acts of violation against regulations on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction

1. A fine ranging from VND 100,000,000 to VND 120,000,000 shall be imposed for any of the following acts of violation against regulations on customer identification:

a) Failing to identify customers; failing to update customer identification information; failing to verify customer identification information, or identifying customers, updating, or verifying customer identification information not in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction;

b) Failing to update the black list.

2. A fine ranging from VND 100,000,000 to VND 120,000,000 shall be imposed for any of the following acts of violation against regulations on risk assessment:

a) Failing to conduct an assessment, or failing to update the assessment results of risks of money laundering, terrorism financing, and financing the proliferation of weapons of mass destruction in accordance with the law;

b) Failing to report or disseminate the results of assessment and updating of risks of money laundering, terrorism financing, and financing the proliferation of weapons of mass destruction in accordance with the law.

3. Acts of violation against internal regulations on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction shall be sanctioned as follows:

a) A fine ranging from VND 100,000,000 to VND 150,000,000 shall be imposed for failing to apply or applying internal regulations improperly in the implementation of internal control and internal audit in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction; failing to apply internal regulations on assignment, or failing to register the assignment of responsible persons, officers, or divisions in charge of anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction; failing to apply or applying internal regulations improperly on training, fostering, and recruitment in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction;

b) A fine ranging from VND 150,000,000 to VND 200,000,000 shall be imposed for failing to issue internal regulations, or issuing internal regulations not in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction.

4. A fine ranging from VND 150,000,000 to VND 170,000,000 shall be imposed for any of the following acts of violation:

a) Failing to implement regulations related to customers who are foreign politically exposed persons in accordance with the Law on Anti-Money Laundering;

b) Failing to formulate or issue risk management procedures; failing to classify customers according to risk levels; or formulating risk management procedures or classifying customers according to risk levels not in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction.

5. Acts of violation against regulations on new products and services, existing products and services applying innovative technologies, and monitoring of special transactions shall be sanctioned as follows:

a) A fine ranging from VND 150,000,000 to VND 170,000,000 shall be imposed for failing to implement or inadequately implementing regulations related to the responsibilities of reporting subjects when providing new products and services, or existing products and services applying innovative technologies in accordance with the Law on Anti-Money Laundering;

b) A fine ranging from VND 170,000,000 to VND 200,000,000 shall be imposed for failing to monitor special transactions in accordance with the Law on Anti-Money Laundering.

6. Acts of violation against regulations on reporting large-value transactions, suspicious transactions, and reporting suspicious acts related to terrorism financing and financing the proliferation of weapons of mass destruction shall be sanctioned as follows:

a) A fine ranging from VND 80,000,000 to VND 120,000,000 shall be imposed for violating regulations on deadlines or requirements for the completeness and accuracy of reporting information from the third time onwards within a financial year for reports on large-value transactions in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction; submitting reports with incomplete information in accordance with the law for reports on suspicious transactions related to money laundering, terrorism financing, and financing the proliferation of weapons of mass destruction;

b) A fine ranging from VND 150,000,000 to VND 200,000,000 shall be imposed for failing to report large-value transactions subject to reporting; failing to report suspicious transactions related to money laundering, terrorism financing, and financing the proliferation of weapons of mass destruction; failing to report upon suspicion that a customer or a customer's transaction is related to terrorism financing, financing the proliferation of weapons of mass destruction, or that the customer is on the black list or designated list in accordance with the law on counter-terrorism and the law on prevention of terrorism financing or financing the proliferation of weapons of mass destruction.

7. A fine ranging from VND 150,000,000 to VND 200,000,000 shall be imposed for any of the following acts of violation against regulations on archiving, provision, and assurance of confidentiality of information, dossiers, documents, and reports:

a) Failing to promptly provide information, dossiers, documents, and reports in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction, but not to the extent of being examined for penal liability;

b) Failing to archive or inadequately archiving information, dossiers, documents, and reports; archiving information, dossiers, and documents not within the prescribed time limits in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction;

c) Failing to comply with regulations on confidentiality of customer identification information regarding information, dossiers, documents, and reports related to transactions subject to reporting in accordance with the law on anti-money laundering, prevention of terrorism financing or financing the proliferation of weapons of mass destruction.

8. Acts of violation against regulations on delaying transactions, freezing accounts; and sealing or temporarily seizing assets shall be sanctioned as follows:

a) A fine ranging from VND 150,000,000 to VND 170,000,000 shall be imposed for failing to report the delay of transactions in accordance with the law on anti-money laundering and prevention of terrorism financing; failing to immediately report upon executing the temporary suspension of circulation, or freezing of money and assets related to terrorism financing and financing the proliferation of weapons of mass destruction in accordance with the law;

b) A fine ranging from VND 170,000,000 to VND 200,000,000 shall be imposed for failing to apply the measure of delaying transactions in accordance with the law on anti-money laundering and prevention of terrorism financing; failing to freeze accounts, or failing to apply measures to seal, freeze, or temporarily seize assets upon the decision of competent state agencies prescribed in the Law on Anti-Money Laundering; failing to execute the temporary suspension of circulation, or freezing of money and assets related to terrorism, terrorism financing, and financing the proliferation of weapons of mass destruction in accordance with the law.

9. Acts of violation against regulations on prohibited acts in anti-money laundering and prevention of terrorism financing shall be sanctioned as follows:

a) A fine ranging from VND 150,000,000 to VND 170,000,000 shall be imposed for obstructing the provision of information serving the work of anti-money laundering and prevention of terrorism financing;

b) A fine ranging from VND 160,000,000 to VND 180,000,000 shall be imposed for establishing or maintaining anonymous accounts or accounts using fictitious names;

c) A fine ranging from VND 180,000,000 to VND 200,000,000 shall be imposed for organizing, participating in, or facilitating and assisting the execution of money laundering acts, but not to the extent of being examined for penal liability; establishing or maintaining business relationships with shell banks, but not to the extent of being examined for penal liability; failing to denounce terrorism financing acts, but not to the extent of being examined for penal liability; abusing the temporary suspension of circulation, freezing, sealing, temporary seizure, or handling of money and assets related to terrorism financing to infringe upon the interests of the State, or the lawful rights and interests of agencies, organizations, or individuals, but not to the extent of being examined for penal liability; directly or indirectly providing money, assets, financial resources, economic resources, financial services, or other services to organizations or individuals related to terrorism and terrorism financing, but not to the extent of being examined for penal liability.

10. Additional sanctions:

a) Suspension of crypto-asset service provision operations for a period of from 01 to 03 months for crypto-asset service providers that commit the acts of violation prescribed in Clause 9 of this Article;

b) Suspension of crypto-asset offering and issuance operations for a period of from 06 to 12 months for crypto-asset issuing organizations that commit the acts of violation prescribed in Clause 9 of this Article;

c) Suspension of crypto-asset trading operations for a period of from 06 to 12 months for organizations and individuals trading crypto-assets that commit the acts of violation prescribed in Clause 9 of this Article.

Chapter III

COMPETENCE TO SANCTION, DRAW UP RECORDS OF ADMINISTRATIVE VIOLATIONS, APPLY ADDITIONAL SANCTIONS AND REMEDIAL MEASURES FOR ADMINISTRATIVE VIOLATIONS

Article 14. Competence to sanction administrative violations

1. The Head of the inspection delegation established by the Chief Inspector of the State Securities Commission has the power to:

a) Warning;

b) Imposing a fine of up to VND 100,000,000 for organizations and a fine of up to VND 50,000,000 for individuals;

c) Confiscating exhibits and means used for committing administrative violations;

d) Applying the remedial measures prescribed in Clause 3, Article 3 of this Decree.

2. The Head of the inspection delegation established by the Chief Inspector of the regional State Bank has the power to:

a) Warning;

b) Imposing a fine of up to VND 100,000,000 for organizations and a fine of up to VND 50,000,000 for individuals;

c) Confiscating exhibits and means used for committing administrative violations;

d) Applying the remedial measures prescribed in Clause 3, Article 3 of this Decree.

3. The Chief Inspector of the State Securities Commission, and the Head of the examination delegation established by the Chairperson of the State Securities Commission have the power to:

a) Warning;

b) Imposing a fine of up to VND 160,000,000 for organizations and a fine of up to VND 80,000,000 for individuals;

c) Applying the additional sanctions and remedial measures prescribed in Clauses 2 and 3, Article 3 of this Decree.

4. The Chief Inspector of the regional State Bank has the power to:

a) Warning;

b) Imposing a fine of up to VND 160,000,000 for organizations and a fine of up to VND 80,000,000 for individuals;

c) Applying the additional sanctions and remedial measures prescribed in Clauses 2 and 3, Article 3 of this Decree.

5. Heads of professional divisions under the Department of Economic Security, including: Head of the Monetary Security Division, Head of the Finance and Investment Security Division, Head of the Science, Technology, and Resources and Environment Security Division; Heads of professional divisions under the Department of Cybersecurity and High-Tech Crime Prevention, including: Head of the Division for Prevention and Combat of Cybercrimes Infringing upon Economic Management Order, Head of the Cyber Information Security Division, Head of the National Cyber Information System Security Protection Division, Head of the Division for Cyber Information Monitoring and Prevention and Combat of Activities using Cyberspace to Infringe upon National Security; Heads of Divisions under provincial-level Police Departments, including: Heads of the Police Department for Investigation of Corruption, Economic, and Smuggling Crimes, Heads of the Cybersecurity and High-Tech Crime Prevention Divisions, Heads of the Economic Security Divisions, and Chiefs of the Offices of the provincial-level Investigation Police Agencies; Heads of examination delegations established by Heads of units under the Ministry of Public Security, including: the Department of Economic Security, the Office of the Investigation Police Agency under the Ministry of Public Security, the Police Department for Investigation of Corruption, Economic, and Smuggling Crimes, the Department of Cybersecurity and High-Tech Crime Prevention, have the power to:

a) Warning;

b) Imposing a fine of up to VND 160,000,000 for organizations and a fine of up to VND 80,000,000 for individuals;

c) Applying the additional sanctions and remedial measures prescribed in Clauses 2 and 3, Article 3 of this Decree.

6. The Chairperson of the State Securities Commission, Chairpersons of provincial-level People's Committees, and Heads of examination delegations established by the Minister of Finance have the power to:

a) Warning;

b) Imposing a fine of up to VND 200,000,000 for organizations and a fine of up to VND 100,000,000 for individuals;

c) Applying the additional sanctions and remedial measures prescribed in Clauses 2 and 3, Article 3 of this Decree.

7. The Director of the Department of Economic Security, Chief of the Office of the Investigation Police Agency under the Ministry of Public Security, Director of the Police Department for Investigation of Corruption, Economic, and Smuggling Crimes, Director of the Department of Cybersecurity and High-Tech Crime Prevention, Directors of provincial-level Police Departments, Chief Inspector of the Ministry of Public Security, Heads of inspection delegations established by the Chief Inspector of the Ministry of Public Security, and Heads of examination delegations established by the Minister of Public Security shall have the power to:

a) Warning;

b) Imposing a fine of up to VND 200,000,000 for organizations and a fine of up to VND 100,000,000 for individuals;

c) Applying the additional sanctions and remedial measures prescribed in Clauses 2 and 3, Article 3 of this Decree.

8. The Chief Inspector of the State Bank of Vietnam, and Heads of inspection delegations established by the Chief Inspector of the State Bank of Vietnam have the power to:

a) Warning;

b) Imposing a fine of up to VND 200,000,000 for organizations and a fine of up to VND 100,000,000 for individuals;

c) Applying the additional sanctions and remedial measures prescribed in Clauses 2 and 3, Article 3 of this Decree.

Article 15. Principles for determination and assignment of competence to sanction administrative violations regarding crypto-assets and the crypto-asset market

1. Heads of inspection delegations and Heads of examination delegations have the competence to sanction administrative violations falling within the scope and contents of the inspections or examinations within the inspection or examination time limits in accordance with the law. In cases where the inspection or examination time limits prescribed by law expire but it is not yet possible to issue a sanctioning decision, the violation case must be transferred to a competent person for sanctioning.

2. In cases where an administrative violation regarding crypto-assets and the crypto-asset market falls under the sanctioning competence of multiple persons, the sanctioning of such administrative violation shall be executed by the person who first accepts the case.

3. In cases where the form, fine level, additional sanction, or remedial measure prescribed for one of the acts of violation exceeds the competence of the sanctioning person currently handling the case, such person must transfer the violation case to the competent level for sanctioning.

4. The assignment of competence to sanction administrative violations to the titles prescribed in Article 14 of this Decree should be as follows:

a) The titles prescribed in Clauses 1, 3, 5, 6 and 7, Article 14 of this Decree have the competence to sanction the acts of violation prescribed in Articles 6, 7, 8, 9, Clause 3 of Article 10, Articles 11, 12 and 13 of this Decree;

b) The titles prescribed in Clauses 2, 4 and 8, Article 14 of this Decree have the competence to sanction the acts of violation prescribed in Articles 10, 11, 12 and 13 of this Decree.

Article 16. Competence to draw up records of administrative violations

The following persons have the competence to draw up records of administrative violations regarding crypto-assets and the crypto-asset market:

1. The persons with sanctioning competence prescribed in Article 14 of this Decree have the competence to draw up records of administrative violations for the acts of administrative violation according to the assignment of sanctioning competence prescribed in Article 15 of this Decree.

2. Civil servants of the finance sector, civil servants of the banking sector, and personnel of the People's Public Security force who are performing their official duties and tasks have the competence to draw up records of administrative violations regarding crypto-assets and the crypto-asset market for acts of violation occurring within the management scope of their agencies or units.

3. Members of inspection delegations and members of examination delegations shall draw up records for acts of violation discovered during the inspection or examination which fall within the contents and scope of such inspection or examination.

Article 17. Application of the form of suspension of crypto-asset offering and issuance operations

1. When applying the form of time-limited suspension of crypto-asset offering and issuance operations prescribed in Clause 4, Article 6 and Point b, Clause 10, Article 13 of this Decree, the competent persons prescribed in Article 14 of this Decree shall issue decisions on time-limited suspension of all crypto-asset offering and issuance operations on the crypto-asset market in Vietnam of the violating organizations.

2. Within 03 working days from the date of issuing the sanctioning decision, the competent person who issued the sanctioning decision must send the sanctioning decision to the sanctioned organization, crypto-asset service providers, the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.

3. The violating organization must immediately stop all ongoing crypto-asset offering and issuance operations and must not execute any new crypto-asset offering and issuance tranches in Vietnam during the period of operation suspension.

Article 18. Application of the form of suspension of crypto-asset service provision operations

1. When applying the additional sanction of suspension of crypto-asset service provision operations prescribed in Clause 8, Article 8, Point a, Clause 3, Article 12, and Point a, Clause 10, Article 13 of this Decree, the competent persons prescribed in Article 14 of this Decree have the power to issue decisions on time-limited suspension of one or several crypto-asset services or operations of the violating organization in cases where the act of violation arises from the provision of such one or several services or operations.

2. In cases of merely issuing a decision on time-limited suspension of one or several crypto-asset services or operations, the competent persons prescribed in Article 14 of this Decree must clearly state in the sanctioning decision the suspended services or operations, the suspension period, and the implementation effect of the suspension decision.

3. Within 03 working days from the date of issuing the sanctioning decision, the competent person who issued the sanctioning decision must send the sanctioning decision to the sanctioned organization, crypto-asset service providers, the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.

4. The sanctioned organization must immediately stop the one or several crypto-asset services or operations stated in the sanctioning decision during the period of operation suspension; must not sign new contracts or extend existing contracts related to the suspended crypto-asset services or operations; and must execute the final settlement and transfer of accounts upon the request of investors (if any).

Article 19. Application of remedial measures

1. The time limit for implementing the remedial measures of forcible retraction or correction of information, and forcible provision of accurate and complete information prescribed at 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 individuals or organizations receive the sanctioning decision that applies remedial measures. The violating organization must disclose the retraction or correction of information on 01 online newspaper and on its own website. When retracting or correcting information, the violating organization must simultaneously report to the Ministry of Finance on the retracted information and the corrected information.

2. The illegal profits obtained from committing the act of violation prescribed at Point a, Clause 6, Article 7 of this Decree are the profits including money, valuable papers, assets, and valuable objects that organizations or individuals obtained from organizing a crypto-asset trading market through the provision of a platform or infrastructure system to exchange information, aggregate orders for buying, selling, and trading crypto-assets, and settle crypto-asset transactions without being licensed; or obtained from buying or selling crypto-assets for the unlicensed crypto-asset service provider itself; or obtained from providing crypto-asset services without being licensed; or obtained from operating not in accordance with the contents prescribed in the License for provision of crypto-asset trading market organization services, which are determined based on the contracts or agreements between the service-providing organizations or individuals and other organizations or individuals, after deducting payable taxes and fees.

The illegal profits obtained from committing the act of violation prescribed in Clause 3, Article 11 of this Decree are the profits including money, valuable papers, assets, and valuable objects that organizations or individuals obtained from the unlawful collection, storage, exchange, trading, gifting, or publicization of data, account information, and crypto-assets, which are determined based on the contracts or agreements between the violating organizations or individuals and other organizations or individuals, after deducting payable taxes and fees.

The time limit for implementing the measure of forcible remittance of illegal profits obtained from committing the act of violation is a maximum of 60 days from the date the violating individuals or organizations receive the decision applying this measure.

3. The remedial measure of forcible cancellation of the crypto-asset offering and issuance tranche, and forcible refund of the entire amount of money collected from such offering and issuance prescribed at 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 sanctioning decision or the decision applying remedial measures, the violating organization must send a written notice to investors regarding the cancellation of the crypto-asset offering and issuance tranche and the refund of the purchase money of crypto-assets to investors;

b) The violating organization must report to the person who issued the administrative sanctioning decision or the decision applying remedial measures on the results of the cancellation of the crypto-asset offering and issuance tranche and the refund of the purchase money of crypto-assets to investors, within a maximum of 03 working days from the date of completing the refund to investors.

4. The time limit for implementing the measure of forcible removal of websites, software, trading systems, and other equipment used for committing the act of violation prescribed at Point b, Clause 6, Article 7 of this Decree is a maximum of 03 working days from the date the violating individuals or organizations receive the decision applying this measure.

5. The time limit for implementing the measure of forcible payment of an amount equal to the value of exhibits and means used for committing the administrative violations which have been illegally consumed, dispersed, or destroyed prescribed at Point c, Clause 6, Article 7 of this Decree is a maximum of 30 days from the date the violating individuals or organizations receive the decision applying this measure.

6. The violating organization must report to the competent person who issued the sanctioning decision on the results of implementing the remedial measures prescribed in Clauses 1, 2, 4 and 5 of this Article within a maximum of 03 working days from the expiry date of the time limit for compliance with the remedial measures.

Article 20. Sanctioning of administrative violations in the electronic environment

The sanctioning of administrative violations under this Decree in the electronic environment shall be applied in accordance with Article 28a and Article 28b of the Government's Decree No. 118/2021/ND-CP detailing a number of articles and measures for implementation of the Law on Handling of Administrative Violations, which was amended and supplemented by Decree No. 68/2025/ND-CP and Decree No. 190/2025/ND-CP.

Chapter IV

IMPLEMENTATION PROVISIONS

Article 21. Effect

This Decree takes effect from September 01, 2026 until the date Resolution No. 05/2025/NQ-CP ceases to be effective.

Article 22. Transitional provisions

1. For acts of violation committed after Resolution No. 05/2025/NQ-CP ceases to be effective, the handling of administrative violations shall be carried out in accordance with legal normative documents effective at that time.

2. In cases where the Government decides to temporarily suspend, suspend, or terminate the pilot implementation of the crypto-asset market in Vietnam according to Clause 2, Article 4 of Resolution No. 05/2025/NQ-CP, administrative violations that were completed prior to the time of temporary suspension, suspension, or termination of the pilot implementation of the crypto-asset market but have not yet been sanctioned shall continue to be sanctioned under this Decree; for administrative violations in progress, the legal normative documents effective at the time of discovering the acts of violation shall apply for sanctioning.

Article 23. Implementation

1. The Minister of Finance shall be responsible for guiding and organizing the implementation of this Decree.

2. Ministers, Heads of ministerial-level agencies, Chairpersons of provincial/municipal People's Committees, and related organizations and individuals shall be responsible for implementing this Decree.