Vietnam Slaps $1,900 Fines on Unlicensed Crypto Users Amid Regulatory Shake-Up

Vietnam has announced plans to impose penalties of up to $1,900 on retail users who access overseas crypto exchanges not licensed in the country.

The move comes as Vietnam prepares to launch a regulated digital asset market framework due to start on September 1, but it appears that no exchange licenses have been issued yet.

In Japan, lawmakers have passed revisions to reclassify cryptocurrencies as financial assets, shifting oversight away from the Payment Services Act and introducing new compliance requirements.