No, Stake.us is not legally compliant in Vietnam as of 2024. The platform operates under offshore licensing (e.g., Curacao), which Vietnamese law does not recognize for local user access. Decree 128/2021/ND-CP and Circular 30/2018/TT-BTTTT prohibit unlicensed online gambling, including crypto-based platforms. The Ministry of Public Security’s 2023 directive on blockchain gambling further tightens enforcement, targeting foreign operators serving Vietnamese users.
Key Regulations for Stake.us in Vietnam
- Licensing Mandate: Only platforms licensed by Vietnam’s Ministry of Finance (MoF) under Decree 128/2021 may offer gambling services; Stake.us lacks this approval.
- Crypto Restrictions: Circular 30/2018 bans crypto as a payment method for gambling, a core feature of Stake.us’s operations.
- Local User Prohibition: Decree 128/2021 explicitly prohibits Vietnamese residents from accessing unlicensed gambling sites, with ISPs required to block such domains under Ministry of Information and Communications (MIC) oversight.
Enforcement has intensified in 2024, with the MIC collaborating with local ISPs to blacklist offshore gambling domains. Stake.us’s 2026 compliance roadmap (e.g., seeking Curacao relicensing) does not address Vietnam’s local regulatory demands. Users face potential fines under Article 32 of Decree 128/2021, while operators risk asset forfeiture under Vietnam’s 2023 Anti-Corruption Law.