**Breaking News: **The Vietnamese Ministry of Finance has proposed imposing fines of up to $78,600 (approximately 1.3 million Indonesian Rupees) for manipulation of the cryptocurrency market, including spreading false information, colluding in trades, and using multiple accounts to create false supply and demand. Additionally, individuals who do not open accounts or fail to transfer their cryptocurrency assets to officially licensed custodial and trading platforms may face fines ranging from $3,900 to $7,800 (approximately 65,000 to 130,000 Indonesian Rupees).

However, there are still many uncertainties in the draft, such as how to regulate tokens traded solely on decentralized exchanges (DEX) and whether tokens obtained through airdrops are subject to taxation. This marks the first time Vietnam has officially defined manipulative behavior in the cryptocurrency market and proposed a penalty framework referencing the securities market, signifying an important step by the government towards establishing a legal framework for digital assets.