Does the VIXEX exchange require KYC after opening?
As a compliant, licensed crypto asset trading platform, VIXEX (established by institutions including Vietnam VIX Securities) will definitely require KYC (Know Your Customer / identity verification) after its launch.
Reasons why KYC verification is required after the VIXEX exchange opens:
Compliance and Regulatory Requirements: Vietnam crypto exchange VIXEX is a licensed crypto entity promoted under Vietnam’s official regulatory framework or sandbox. Such platforms must strictly comply with Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) laws and regulations, making the verification of users’ true identities a statutory mandate.
Account Security and Permissions: Completing KYC verification is typically a prerequisite for unlocking deposit, trading, and withdrawal functions, as well as increasing account limits. Unverified accounts are usually restricted in use or limited to browsing basic pages.
Traditional Financial Institution Background: Backed by traditional securities and financial institutions, its risk control and compliance standards align closely with the traditional financial and securities industry. The identity verification process (such as providing government-issued identification documents and facial recognition/liveness detection) will be very rigorous.