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What behaviors are considered crypto asset market manipulation?

The Ministry of Finance has made it clear that acts considered to be manipulating the crypto asset market will be punished.

Báo Thanh niênBáo Thanh niên15/05/2025



In the Draft Decree amending and supplementing a number of articles on administrative sanctions for violations in the field of securities and the securities market, the Ministry of Finance clearly stipulates acts considered as manipulation of the crypto-asset market in Vietnam (or in other words, manipulating the price of crypto-assets).

Specifically, there are five acts considered to be manipulation of the crypto asset market. First, an organization or individual uses one or more of their own or other people's trading accounts or colludes to continuously trade crypto assets to create artificial supply and demand.

What behaviors are considered manipulation of the crypto asset market? - Photo 1.

The Ministry of Finance stipulates that there are 5 behaviors considered as manipulation of the crypto asset market.

PHOTO: DAO NGOC THACH

Second, colluding with each other to trade crypto assets without actually transferring ownership or ownership just circulating among group members to create crypto asset prices and artificial supply and demand.

Third, securities trading by colluding and enticing others to continuously place crypto-asset trading orders greatly affects the supply and demand and prices of crypto-assets, manipulating crypto-asset prices.

Fourth, an organization or individual directly or indirectly expresses an opinion through the media about a type of crypto-asset, about the organization issuing the crypto-asset in order to influence the price of that type of asset after having made a transaction and held a position on that type of asset.

Fifth, using methods or performing other trading acts or combining spreading false rumors, providing false information to the public to create artificial supply and demand, and manipulating the price of crypto assets.

The draft also states that a fine of VND1.5 billion - VND2 billion will be imposed on the act of using insider information to trade crypto assets or manipulate the crypto asset market in Vietnam. The additional penalty is the suspension of crypto asset service provision for a period of 3 - 5 months for the organization providing crypto asset services. Forced to return the illegal profits gained from violating the above regulations.

The draft also stipulates that investors will be fined from VND 100 million to VND 200 million for failing to open an account and transfer their crypto assets to a crypto asset service provider licensed by the Ministry of Finance within the prescribed time limit.



Source: https://thanhnien.vn/nhung-hanh-vi-nao-bi-xem-la-thao-tung-thi-truong-tai-san-ma-hoa-185250515111259662.htm


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