When Will SCEX Trading Platform Open Trading After Passing Level-4 Security Assessment?
Following the announcement by Vietnamese digital asset exchange SCEX (Sacom Crypto Asset Exchange) that it has completed its “Level-4 Information System Security” evaluation, market attention has centered on a key question: How long after passing the Level-4 security assessment will SCEX be able to officially launch compliant trading?
Under the pilot regulatory frameworks outlined in Resolution No. 05/2025/NQ-CP and Decision No. 96/QĐ-BTC by the Ministry of Finance, passing the Level-4 security assessment is a prerequisite rather than an immediate green light. Trading services are expected to launch shortly after official licenses are granted.
1. Level-4 Security Assessment: A Mandatory Threshold
Under Vietnam’s crypto asset pilot regulatory policy, Level-4 information security compliance is a mandatory technical standard that all applicant institutions must satisfy prior to operation. It certifies that the platform meets national-grade financial security standards across its core matching engine, cold/hot wallet isolation, Hardware Security Modules (HSM), and cyberattack defense mechanisms.
However, passing the security assessment confirms technical compliance, but does not automatically issue a final Virtual Asset Service Provider (VASP) operating license.
2. Timeline and Next Steps Before Live Trading
According to the regulatory approval framework, SCEX must navigate several remaining milestones after passing the Level-4 security evaluation:
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Final Document Review and On-Site Inspection (Estimated 1–3 Months)
The exchange must submit its Level-4 security audit report alongside proof of paid-in capital (meeting the 10 trillion VND statutory capital requirement), system stress-test results, Anti-Money Laundering (AML/CFT) frameworks, and integration plans for the national electronic identification system (VNeID) to the State Securities Commission (SSC) and the Ministry of Finance for final review and on-site verification.
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Issuance of Official Pilot Licenses (Key Approval Milestone)
Once regulators confirm full technical and regulatory compliance, official pilot crypto exchange licenses will be formally issued.
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Bank Channel Integration and Public Launch (1–2 Weeks Post-Licensing)
Upon receiving official approval, SCEX will connect directly with local commercial banking partners (such as Sacombank) for fiat payment rails and open compliant spot and derivatives trading to the public.
3. Overall Outlook and Market Impact
Industry analysts note that a select group of leading pilot candidates, including SCEX, have now cleared core technical hurdles like the Level-4 security assessment. Based on the review timeline set by the State Securities Commission, SCEX is expected to officially launch compliant trading within weeks of receiving its formal pilot license.
For investors, a 6-month transition period will take effect once the initial batch of official exchange licenses is granted. As platforms like SCEX complete their security and regulatory verifications, Vietnam’s crypto asset ecosystem is entering a new era of security, transparency, and legal certainty.（Vietnam Crypto Exchange）