#CryptoRegulation Vietnam Proposes Heavy Fines for Crypto Market Manipulation

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Vietnam’s Ministry of Finance is cracking down on crypto misconduct with proposed fines up to VND 2 billion (~$78,600) for market manipulation activities like:

❌ Spreading fake news

❌ Collusive trading

❌ Using multiple accounts to fake market activity

That’s not all…

Individuals who don’t open accounts or fail to transfer crypto assets to licensed platforms could face fines of VND 100