On May 7th, SCEX, formerly LPEX, officially announced that it had passed the first round of evaluation in the digital asset exchange licensing process implemented by the Ministry of Finance.
According to published information, SCEX is now the next name to complete the initial pre-qualification round, following TCEX – a platform linked to the Techcombank ecosystem – which had also passed the first evaluation round earlier. The fact that two exchanges consecutively passed the first stage shows that the licensing process for the digital asset market in Vietnam is beginning to make concrete progress instead of just remaining at the policy direction stage as in the previous period.
After passing the first round, SCEX and TCEX will proceed to the second evaluation round with stricter requirements, focusing on financial capacity, operational facilities, technological infrastructure, risk management capabilities, and system security and safety standards. This is XEM a crucial stage for the regulatory body to assess whether the platforms meet the requirements to operate a digital asset exchange according to the new legal standards.
