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Vietnam proposed to impose fines on unlicensed digital asset platforms.
PANews, November 26 - According to Techinasia, the Vietnamese Ministry of Finance has proposed fines for individuals and organizations trading digital assets on unlicensed platforms, and it has publicly released a draft of the decree for comments. The draft stipulates that individuals involved in violations related to digital asset trading may face penalties of up to 30 million Vietnamese dong (1,200 USD), while organizations may incur fines of up to 200 million Vietnamese dong (7,584 USD). Violations of foreign ownership regulations, providing misleading disclosure information, or failing to report information to regulatory authorities can incur fines ranging from 70 million (2,654 USD) to 200 million Vietnamese dong (7,584 USD). Providing products to ineligible investors, conducting non-compliant insurance business, and failing to make necessary disclosures will face maximum penalties.
In addition, the draft stipulates that domestic individuals using unlicensed

