Is TCEX Vietnam Crypto Exchange Currently in a Regulatory Transition Period?
Yes, TCEX Exchange is currently in a regulatory transition period.
The cryptocurrency industry in Vietnam is currently in a critical phase of transitioning from past “grey-area laissez-faire/lack of a clear compliance framework” to “strict license piloting.”
1. Policy Shifts and Timeline
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From Unregulated to Pilot Scheme: In September 2025, the Vietnamese government issued Resolution No. 05/2025/NQ-CP, officially establishing a 5-year pilot mechanism for the crypto asset market. This marked the official beginning of the regulatory transition period.
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Enforcement and Cleanup Take Effect: Starting September 1, 2026, regulatory authorities have implemented new penalties targeting the use of unlicensed platforms. This means that exchanges without a pilot license will no longer be able to operate legally, signaling the arrival of the enforcement and cleanup phase.
2. Specific Phase of TCEX in the Transition Period
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Preliminary Review Passed, Acceptance Underway: As one of the key platforms applying for a compliant license, TCEX is in an interim transition state—having “passed the preliminary review by the Ministry of Finance (MoF), but not yet received the final official Pilot License.”
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Addressing Technical and Compliance Gaps: During this transition, the platform needs to fulfill various technical integrations in accordance with the high standards of Resolution 05/2025/NQ-CP, including:
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Information system security level certifications (such as cold/hot wallet isolation mechanisms);
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Data authenticity verification for RWA (Real World Assets) and Oracle integration;
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Look-through AML/KYC and anti-money laundering compliance connections.
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3. Impact on the Market and Platforms
（Vietnam crypto exchange）The purpose of this transition period is to grant qualified trading platforms (like TCEX) sufficient time to complete system integration, capital verification, and look-through audits, while gradually phasing out non-compliant smaller platforms. Once the review and acceptance tests are passed during the transition, licensed platforms will be able to operate crypto asset services legally and compliantly in Vietnam.