JUST UPDATE ! โก๏ธ๐จ
Vietnam's SCEX Doubles Registered Capital to 10 Trillion VND ($393M) in Domestic Crypto License Race ๐ป๐ณ๐ข
At 07:40 UTC (Oct 14), Sacom Crypto Asset Exchange JSC (SCEX) officially announced an expansion of its registered charter capital from 5 trillion VND to 10 trillion VND (approximately $393 million). ๐ต๐
This capital boost positions SCEX alongside CAEX as prominent corporate contenders meeting the stringent capital threshold mandated under Vietnam's pending pilot regulatory framework for digital asset exchanges. ๐๏ธโก
Founded in September 2025 with an initial capitalization of just 6.8 billion VND, the entity's registered capital ledger has ballooned nearly 1,500-fold over a single year, fully backed by domestic private capital without foreign direct participation. ๐๐ฅ
However, market observers note that 10 trillion VND currently represents paper charter registration; public disclosures have not yet verified that 100% of the funds have been actively deposited in liquid cash to satisfy ultimate regulatory audit requirements. โ ๏ธ๐
Domestic consortiums aggressive posturing by multiplying registered capital to 10 trillion VND signals intensifying positioning ahead of Vietnam's formal sandbox deployment. Nonetheless, regulatory authorities will prioritize actual paid-in liquidity, institutional custody architecture, and banking compliance over headline registered capital figures, making actual capital deployment the real metric to watch.
$WAL $AVA $ZEC
Vietnam's SCEX Doubles Registered Capital to 10 Trillion VND ($393M) in Domestic Crypto License Race ๐ป๐ณ๐ข
At 07:40 UTC (Oct 14), Sacom Crypto Asset Exchange JSC (SCEX) officially announced an expansion of its registered charter capital from 5 trillion VND to 10 trillion VND (approximately $393 million). ๐ต๐
This capital boost positions SCEX alongside CAEX as prominent corporate contenders meeting the stringent capital threshold mandated under Vietnam's pending pilot regulatory framework for digital asset exchanges. ๐๏ธโก
Founded in September 2025 with an initial capitalization of just 6.8 billion VND, the entity's registered capital ledger has ballooned nearly 1,500-fold over a single year, fully backed by domestic private capital without foreign direct participation. ๐๐ฅ
However, market observers note that 10 trillion VND currently represents paper charter registration; public disclosures have not yet verified that 100% of the funds have been actively deposited in liquid cash to satisfy ultimate regulatory audit requirements. โ ๏ธ๐
Domestic consortiums aggressive posturing by multiplying registered capital to 10 trillion VND signals intensifying positioning ahead of Vietnam's formal sandbox deployment. Nonetheless, regulatory authorities will prioritize actual paid-in liquidity, institutional custody architecture, and banking compliance over headline registered capital figures, making actual capital deployment the real metric to watch.
$WAL $AVA $ZEC