Vietnam issues new rules setting fines for violations related to crypto trading before its regulated crypto market launches. Multiple outlets report that the framework applies to individuals and businesses that engage in crypto-related activities without proper authorization, including trading through unlicensed service providers. The penalties also cover anti–money laundering (AML) compliance failures. Reported fine levels range from about $1,140 to $1,900 depending on the specific violation, with one source describing the top amounts as being comparable to penalties for drunk driving. The measures are described as preparatory steps leading up to the start of a more regulated system for crypto trading in Vietnam, including oversight of licensed providers. While the articles emphasize the uncertainty that can exist for domestic investors under the current licensing approach, they indicate that enforcement focuses on unauthorized participation in crypto services and failures to meet regulatory and compliance requirements. The rules are framed as part of the government’s broader plan to bring crypto activity under tighter supervision ahead of the rollout of the regulated market.