The State Securities Commission (SSC) has completed a draft decree on administrative penalties in the field of crypto assets which is expected to be submitted to the Governmet in the next couple of months, according to Mr. Bui Hoang Hai, Vice Chairman of the SSC.
Addressing the Vietnam Capital Market Outlook 2026 Forum in Hanoi on December 12, he said 2025 marks a significant transition as the foundation for the crypto asset market is established and operational, under the Government's Resolution 05, which pilots the digital asset market in Vietnam.
He emphasized that developing the crypto asset market goes beyond establishing trading platforms; it requires building a safe and comprehensive ecosystem where service providers must meet high standards in financial capacity, technology, and risk management, and investors must enhance their responsibility.
In response to the increasing fraudulent activities and exploitation of crypto assets, regulatory bodies are implementing stringent control measures. "The State Securities Commission has completed a draft decree on administrative penalties in this field, expected to be submitted to the Government in the next couple of months," he said.
The State Securities Commission will work with various ministries and sectors to manage risks, prevent money laundering, and ensure financial safety and security. With a gradual yet firm approach, the crypto asset market in Vietnam is expected to develop healthily, aligning with economic conditions and realizing its potential.
Currently, the legal framework for crypto assets is being clearly defined through the Digital Technology Industry Law (expected to take effect on May 1, 2026) and the Government's Resolution 05/2025/NQ-CP on piloting digital asset exchanges.
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