🟠Proposed fines of up to 200 million for “underground” crypto traders & signs of criminal activity will be transferred to the Ministry of Public Security
01/01/2026 approaching, those active in crypto should note the following proposal:
The Ministry of Finance (Securities Commission) is soliciting opinions on the draft Decree on penalties in the cryptocurrency sector with a maximum fine that can reach up to 200 million VND.
💠 Proposed penalty framework:
🔻Organizations: up to 200 million 🔻Individuals: up to 100 million May include revocation of licenses for 1-6 months or suspension of activities for 1-12 months.
1/ Violations in transactions & services: 🔻Individuals: fined 10 - 30 million if crypto transactions are not conducted through licensed units. 🔻Foreign investors: fined 30 - 100 million if using payment accounts in violation of regulations or making untruthful transaction declarations.
2/ Organizations providing crypto services: 🔴50 - 70 million: no KYC for investors 🔴70 - 100 million: violating service obligations, misleading advertising 🔴100 - 150 million: failing to separate customer assets, not monitoring transactions, not ensuring security 🔴150 - 200 million: false reporting, missing or failing to fully comply with legal obligations
3/ Violations in offering and issuing TSMH: 🔴70 - 180 million: providing insufficient information, violating foreign ownership regulations, not complying with the Prospectus. 🔴180 - 200 million (the heaviest level): issuing to the wrong subjects, issuing without meeting conditions, failing to disclose information.
The draft also includes many remedial measures depending on the level of violation. Currently, it is only soliciting opinions & has not been officially applied.
P/s: The crypto legal framework in Vietnam is gradually tightening. Those trading OTC/DEX… may need to follow “proper procedures” more 🥶
Officially: Vietnam has a framework for penalties for the crypto-assets market effective from 01/09/2026.
The Government has just issued Decree 284/2026/NĐ-CP, which stipulates administrative penalties for violations in the field of crypto assets.
Notable points include:
1. Fines up to VND 200 million for organizations (VND 100 million for individuals), depending on the violation.
2. Providing services or advertising crypto-asset services without a license may be fined VND 180–200 million.
3. Domestic investors who trade on a platform that has not been licensed by the Ministry of Finance may be fined VND 30–50 million. However, this provision only applies when the obligation to trade through a formally licensed VASP takes effect according to the roadmap in Resolution 05/2025/NQ-CP.
4. Failure to conduct identity verification (KYC) for investors may be fined VND 50–70 million.
5. Illegally collecting, buying, selling, or publicly disclosing crypto-asset account data may be fined up to VND 200 million.
The Decree will take effect from 01/09/2026. This is the next step in bringing Vietnam’s crypto-assets market under a legal framework. Those participating in the market should closely follow the VASP licensing milestones and new regulations to avoid unnecessary risks.
P/S: This article only shares personal viewpoint information and is not investment advice.
The next step will be a real check through the Ministry of Public Security and the State Bank: 🔻Infrastructure 🔻Operational system 🔻Risk control capability
Now the crypto community in Vietnam has changed, moving towards licensing, strict management to survive. Those who do it right will thrive, those who are careless will be eliminated from the parking round.
🇻🇳A maximum of 05 exchanges in Vietnam are licensed
Currently, there are approximately 12 units participating, but: 🔻According to Resolution 05: only a maximum of 5 exchanges are licensed 🔻The Ministry of Finance has received 7 applications 🔻Only 2 names have sufficient charter capital: Vimexchange & CAEX
Vietcap believes that: The capital requirement is ≥ 10,000 billion, and operational costs are quite heavy at the moment
This race eliminates many big players from the initial phase, not only competing on technology, but those with sufficient "financial strength" will remain.
Ad predicts 5 licensed exchanges: CAEX (Vpbank), Vimexchange, techcombank, sun group, Lpbank
Previously, this wallet bought: 🔻163,405 $ETH (~$440M) at a price of $2,691 🔻 4,000 $cbBTC (~$296M) at a price of $74,004
2 hours ago: 🟢 Deposited 330 cbBTC (~$24.3M) to Coinbase 🟢 Deposited 12,000 ETH (~$27.4M) to FalconX
✔️cbBTC is currently near break-even price ✔️ETH is still at a loss
Whales have now started selling $ETH and $cbBTC to cut losses once again. Wallet link: https://intel.arkm.com/explorer/address/0xd4584Bf988C9E8994688b56484E2F74cEAEeFB20 —————- ❗️Disclaimer: This article provides information only and is not investment advice, no profit guarantees #DYOR #NFA
🔻VN-Index dropped more than 100 points (~5.7%), falling to around 1,665 - 1,662 points in this morning session. 🔻The main reason comes from widespread sell-offs and the shock of the world oil price rising sharply (around $118/barrel) due to geopolitical tensions.
This is considered one of the very strong declines, almost erasing most of the gains since the beginning of the year.
At this rate, in a few days, domestic gasoline prices will be close to 30K/liter.
Whale 0x65B4, who previously bought the dip at the wrong time, is returning to buy.
14 hours ago, this wallet spent $12.5M $USDC to buy 6.228 $ETH at a price of $2,007.
After the crash on October 11 last year, this person used $32.6M $USDC to buy: • 6,206 $ETH ($22.6M) • 92 $cbBTC ($10M)
Later, they sold in November with a loss of $829K.
https://intel.arkm.com/explorer/address/0x65B424A5655D8224dBA61a31788368268245Ce93 —————- ❗️Disclaimer: This article provides information only, not investment advice, and does not guarantee profits #DYOR #NFA
1/ The total Bitcoin holdings of El Salvador have increased to 7,577.37 BTC, valued at approximately 504 million US dollars.
2/ Binance Futures will launch pre-market trading for the perpetual contract KATUSDT
3/ Inverse Finance has incurred a loss of approximately 240,000.00 US dollars from the attack and users may continue to face liquidation.
4/ Trump Media & Technology Group: Considering separating the Truth social platform to prioritize cryptocurrency business development
5/ Vitalik Buterin has proposed a roadmap for re-architecture of the execution layer, focusing on upgrading the state tree and virtual machine to improve the efficiency of proofs.
6/ Foreign media: Germany is seriously considering participating in the war with Iran
—————- ❗️Disclaimer: The article provides information only, not investment advice, and does not guarantee profit #DYOR #NFA
CAEX - The VPBank ecosystem is ready to pilot a cryptocurrency exchange
CAEX is backed by VPBankS and LynkiD, preparing to increase its capital to 10 trillion VND to meet legal conditions.
The technical infrastructure, risk management, and compliance are built according to international standards, aiming for a transparent - safe - sustainable cryptocurrency ecosystem for Vietnamese investors. —————- ❗️Disclaimer: This article provides information only, not investment advice, no profit commitment #DYOR #NFA
Vietnam is preparing to enter the official stage for digital assets. -Crypto has been placed on the same table as gold and real estate, meaning it is recognized at the level of mainstream assets. -The emergence of Nasdaq shows the ambition to standardize according to international standards. -Deadline 28/02/2026 for operating the digital asset exchange, is a very specific milestone for the legal framework to be accelerated in 2026.
The International Financial Center VIFC-HCMC just launched on 11/02. With Nasdaq, TikTok, and a lineup of Vietnam's "Big Boys" accompanying. This is a launch pad for international capital to flow into Web3 and On-chain in Vietnam.
Officially: Ho Chi Minh City launches the Vietnam International Financial Center (VIFC-HCMC) on the morning of 11/02/2026
7 founding members include: 🔻 Sovico 🔻 MB Bank 🔻 TPBank 🔻 SHB 🔻 Son Kim Capital 🔻 VinaCapital 🔻 Nasdaq
The appearance of Nasdaq demonstrates the ambition to connect international capital market standards right from the early stages.
6 strategic members: 🔻 Nam A Bank 🔻 Ho Chi Minh City State Financial Investment Company (HFIC) 🔻 University of Economics Ho Chi Minh City (UEH) 🔻 On-chain economy alliance 🔻 Gemadept Group 🔻 TikTok
VIFC-HCMC is not just an administrative center, but a trial step for an integrated financial model: banking - investment funds - technology - education - digital economy.
Urgent direction to bring into operation the markets for trading cryptocurrency, gold, and real estate before 28/2/2026 (According to Resolution No. 23/NQ-CP)
The SAFU Fund continues to purchase $233.7M worth of 3,600 $BTC, which is more than double the total of previous purchases combined.
The initial plan was to transfer $1B from stablecoins to $BTC in 30 days. In just 7 days, it has already accumulated 6,230 $BTC (~$410M), which is more than 2/5 of the journey.
From now until 01/03, there is still nearly $600M in "ammo" waiting to be deployed.
The current pace is quite rapid; if this rhythm is maintained, it may not even take the full 30 days to complete the plan. —————- ❗️Disclaimer: This article provides information only and is not investment advice, nor is there a profit guarantee #DYOR #NFA
🔴 More than 1 billion dollars were liquidated in the last 24 hours ~ 215 thousand traders were liquidated The largest liquidation order of $ASTER worth over 11 million USD
🔴 The losses of two DAT tycoons recorded exceeded 12 billion dollars Strategy: loss ~$4.8B Bitminer: loss ~$7.5B
Congratulations to the winners who won the 1BNB surprise drop from Binance Square on Feb 3 for your content. Keep it up and continue to share good quality insights with unique value. @Jason Blockchain Digital Asset Research and Web3 Growth :JasonDaily Talkshow @Bluechip :The One Number That Explains Bitcoin’s Price @AgentWXO : 🚀 Crypto Talk 🪙 | Analytics 📊 & Algorithms ⚙️ copytrading @Htp96 :Bitcoin analysis on the weekly timeframe: 60,000 or 100,000? @BigWhale Trading:Giai đoạn này cảm thấy dễ dàng hơn để giao dịch, nhưng không phải vì thị trường đột nhiên trở nên thân thiện, mà là vì giá cả đang nói rõ ràng hơn.
vitalik.eth (@VitalikButerin) has sold 2,961.5 $ETH ($6.6 million) in the past 3 days. With an average price of $2,228, and the selling is still ongoing.
—————- ❗️Disclaimer: This article provides information only, not investment advice #DYOR #NFA