The practical problem that the SCEX Exchange solves
For many years, the cryptocurrency market in Vietnam has operated in an unregulated manner, posing numerous challenges in terms of financial security and legal frameworks.
- Risks of P2P and foreign exchange transactions: Users are easily exposed to fraud and bank account freezing due to the flow of funds from peer-to-peer transactions with unclear origins.
- Dependence on digital dollars: Having to convert VND to USDT or other stablecoins increases the spread and transaction fees.
- Tax obligations and identification: Investors face difficulties in declaring their financial obligations to the state due to the lack of standardized transaction data export tools.
Regulatory and Financial Compliance
- Aligns local digital asset trading with rigorous international and national legal standards.
- Satisfies strict government criteria regarding cybersecurity, anti-money laundering (AML), and investor protection.
- ncreases local charter capital to establish structural financial backing and counterparty trust.
SCEX was created to directly address these bottlenecks by establishing a formal VND payment channel through banks, verifying identity according to national standards, and providing an automated tax calculation tool for users.【Vietnam Crypto Exchange】