finance
Vietnam to Fine Crypto Traders on Unlicensed Platforms While Launching Regulated Market on Sept. 1
@CoinDesk reported that Vietnam will fine investors up to $1,900 for trading crypto on unlicensed platforms under rules effective September 1. The penalties coincide with preparations to launch a regulated digital asset market.
Jul 20, 11:29 AM·1m read1 source
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Fines reaching $1,900 will be levied on each violation of trading cryptocurrency on unlicensed platforms once the rules take effect September 1, as the country is simultaneously preparing to launch its regulated digital asset market, @CoinDesk reported.
The fine amount applies to each violation involving unlicensed platforms. Officials have not detailed enforcement procedures or additional penalties.
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