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SCEX has completed the first evaluation round in its process to obtain approval from Vietnam’s Ministry of Finance to operate as a crypto asset trading venue, marking an early milestone in the company’s plan to enter the country’s digital asset market under a framework focused on transparency, safety, and regulatory compliance.
In the context of Vietnam beginning to implement a pilot regime for crypto assets under Government Resolution No. 05/2025/NQ-CP, Sacom Crypto Asset Exchange Joint Stock Company (SCEX) has passed the first evaluation round for permission to provide services as a crypto asset trading venue operator.
The company said this step is intended as an initial part of its development path toward participation in Vietnam’s digital asset market with a legally compliant approach.
SCEX previously operated as Loc Phat Vietnam Crypto Asset Exchange Joint Stock Company (LPEX). The company rebranded to SCEX as part of what it described as a comprehensive repositioning strategy to build a professional digital asset trading platform and align with international standards.
Alongside the rebranding, SCEX increased its charter capital from VND 6.8 billion to VND 360 billion, aiming to strengthen its financial capacity ahead of a formal entry into Vietnam’s digital asset market.
SCEX said its new development strategy prioritizes system safety, data security, and regulatory compliance. The company stated that it is investing in technology infrastructure, security systems, risk management, and compliance controls to meet requirements expected in the digital asset market.
SCEX also said it is developing personnel in blockchain, information security, and operations governance to build a trading ecosystem it describes as more transparent and stable for users.
On the product side, SCEX aims to provide an intuitive, streamlined trading experience designed to be user-friendly, including for new investors entering digital assets. A company representative said the platform’s development philosophy is to make modern financial technologies more accessible to Vietnamese users.
Under Government Resolution No. 05/2025/NQ-CP, pilot participants are required to meet multiple criteria covering financial strength, technology infrastructure, information security, operational governance, anti-money laundering safeguards, and investor protection.
With a limited number of enterprises expected to be considered for the pilot phase, SCEX’s completion of the first evaluation round is viewed as an indication of its readiness to participate in Vietnam’s digital asset market.
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