$BTC Vietnam Proposes Heavy Fines for Crypto Market Manipulation

šŸ‡»šŸ‡³āš–ļøšŸ’„

Vietnamā€™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:

āŒ Spreading fake news

āŒ Collusive trading

āŒ Using multiple accounts to fake market activity

Thatā€™s not allā€¦

Individuals who donā€™t open accounts or fail to transfer crypto assets to licensed platforms could face fines of VND 100