Vietnam’s domestic crypto market is beginning to take shape. 🇻🇳
🇻🇳 SCEX has passed the first assessment stage in the process of obtaining a license to operate a crypto asset trading platform in Vietnam.
Formerly known as LPEX, SCEX is developing a locally focused exchange designed to connect digital assets with Vietnam’s banking and regulatory systems.
The platform’s announced services include:
▪️ direct crypto trading against VND; ▪️ 24/7 bank deposits and withdrawals; ▪️ centralized asset custody; ▪️ electronic identity verification; ▪️ portfolio and profit-and-loss tracking; ▪️ automated tax reporting; ▪️ proof of reserves and asset protection mechanisms; ▪️ potential expansion into tokenized real-world assets.
SCEX is also participating in a digital asset education program through its simulated trading platform. The simulator reportedly attracted more than 22,000 accounts within 48 hours of launch.
However, passing the initial assessment stage does not mean the exchange has received an official operating license. SCEX must still complete the application process and satisfy additional regulatory requirements.
If approved, the platform could become an important bridge between Vietnam’s banking system and its emerging regulated crypto market.
Users can compare major trading platforms through the FORECK.INFO crypto exchange rating, which evaluates exchanges based on security, fees, liquidity and user experience.
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