JUST IN: 🇻🇳 Vietnam to fine crypto investors up to $1,900 for trading on unlicensed platforms starting September 1.

✍️ Vietnam's government has issued a new decree, establishing administrative fines for #crypto investors, service providers, and token issuers trading outside Ministry of Finance-licensed platforms. Domestic investors using unlicensed crypto service providers face fines of up to 50M Vietnamese dong, or $1,900 — with penalties rising to 100M dong, or $3,800, for purchasing assets restricted to foreign investors. The rules take effect September 1 under Vietnam's five-year pilot crypto market program.

🚨 JUST IN: 🇻🇳 Vietnam will fine crypto traders up to $1,900 for using unlicensed exchanges starting Sep 1.

🇳🇬 Nigeria Moves on Crypto Regulation President Bola Tinubu signed an executive order on virtual assets and established a council to streamline crypto regulation, according to Cointelegraph.

.@PresidenciaPy: Resolution DNIT 47/26 creates a high-value map of citizens' cryptocurrency holdings. ⚠️ France demonstrates why this is dangerous: sensitive cryptocurrency tax data has been compromised, leading to numerous attacks against cryptocurrency holders.

"We are making laws for crypto and bitcoin, young people are losing money." _Governor of the Bank of Tanzania, Mr. Emmanuel Mpawe Tutuba_ Governor Tutuba's comment reflects a broader push by the Bank of Tanzania to bring cryptocurrency and stablecoin activity under formal regulatory oversight. Speaking at the Dar es Salaam International Trade Fair in mid-July, he announced a new plan to regulate digital assets, with laws intended to govern stablecoins and cryptocurrencies like bitcoin in order to protect young local investors from risk. The concern centers on rapid, largely unsupervised growth in retail crypto trading, particularly among younger Tanzanians drawn in by the promise of quick returns but exposed to significant volatility and scams. The central bank is preparing this regulatory framework as authorities move to strengthen oversight of a rapidly expanding market. Beyond investor protection, Tutuba specifically flagged the framework's role in targeting money laundering and broader system wide security risks a signal that Tanzania sees unregulated crypto flows as a potential channel for illicit finance, including terrorism financing, not just a consumer-protection issue. This fits into a pattern seen across several African central banks in 2025-2026: rather than banning crypto outright, regulators are moving toward licensing exchanges, requiring disclosures, and building anti money laundering safeguards while trying not to stifle fintech innovation, which Tanzania has also been actively promoting as a growth driver.