🇻🇳 VND 10 trillion is pouring into Vietnam’s crypto exchange market—the game is heating up
While everyone’s busy stressing over BTC’s ups and downs, traditional finance in Vietnam is quietly preparing for a major play.
TCEX, a crypto-asset exchange in the Techcom ecosystem, has just announced that it has completed a capital increase to VND 10 trillion. Notably, TCBS has also approved a plan to increase its capital contribution to TCEX to VND 1.1 trillion, equivalent to an 11% stake. TokenBay holds the remaining 88.9%.
TCEX says it has completed the initial application process and received approval for its Level 4 information system security dossier.
Of course, having VND 10 trillion doesn’t mean it’s been licensed to operate. Audits, assessments, and reviews by regulators are still required.
But seeing how major Vietnamese financial players are preparing infrastructure, staff, capital, and technology for this sector shows that crypto is increasingly being taken seriously.
In the past, when people heard “crypto,” many immediately thought of shitcoins, pyramid schemes, and pump-and-dump scams. Now, even major financial firms want a foothold in the market. The door to crypto is gradually opening in Vietnam, folks.
While everyone’s busy stressing over BTC’s ups and downs, traditional finance in Vietnam is quietly preparing for a major play.
TCEX, a crypto-asset exchange in the Techcom ecosystem, has just announced that it has completed a capital increase to VND 10 trillion. Notably, TCBS has also approved a plan to increase its capital contribution to TCEX to VND 1.1 trillion, equivalent to an 11% stake. TokenBay holds the remaining 88.9%.
TCEX says it has completed the initial application process and received approval for its Level 4 information system security dossier.
Of course, having VND 10 trillion doesn’t mean it’s been licensed to operate. Audits, assessments, and reviews by regulators are still required.
But seeing how major Vietnamese financial players are preparing infrastructure, staff, capital, and technology for this sector shows that crypto is increasingly being taken seriously.
In the past, when people heard “crypto,” many immediately thought of shitcoins, pyramid schemes, and pump-and-dump scams. Now, even major financial firms want a foothold in the market. The door to crypto is gradually opening in Vietnam, folks.
