- Bybit collaborates with Vietnam to develop a legal framework for crypto assets.
- Vietnam ranks third globally in crypto investor participation pushing for regulation.
- The crypto market development in Vietnam will receive service from Bybit experts.
Bybit CEO Ben Zhou met Vietnam’s Finance Minister, Nguyen Van Thang, to discuss potential collaborations to advance the country’s digital asset market. The meeting which took place at the Ministry’s headquarters in Hanoi represents an important step for Bybit and the Vietnamese government to develop a partnership.
The primary goal of the discussions was to explore the creation of a legal framework for digital assets and the establishment of Vietnam’s first national digital asset exchange. Minister Thang highlighted the country’s growing crypto market noting that the it ranks third globally in investor participation in crypto trading.
The country’s Ministry of Finance has been very proactive in drafting regulations for the digital asset space. In early 2025, the government directed the Ministry to look into different legal frameworks for crypto asset transactions. The government efforts address creating a regulated environment of transparency, investor protection and testing the feasibility of a regulated exchange.
Minister Thang acknowledged the importance of establishing a legal framework to ensure that transactions remain safe and secure and to protect investors from the risks associated with underground and unofficial trading practices.
Bybit’s Contribution to Vietnam’s Crypto Ecosystem
Ben Zhou presented information about Bybit’s standing in the worldwide crypto marketplace during the meeting. Moreover, the company seeks alliances with the country and plans to build its digital asset infrastructure.
Bybit’s experience developing Anti-Money Laundering (AML) control systems and its international organizational partnerships could enable it to create a legal infrastructure and safe transaction systems. During his meeting, Zhou also discussed the Bybit security breach that resulted in the exchange losing $1.5 billion through hacker attacks.
Zhou reassured the Ministry that every user affected received their full reimbursement. During his interview with the Ministry, Zhou said the company employs transparent operations and uninterrupted withdrawal services to prevent major market disruptions. Zhou provided reassurance about security demonstrating the exchange’s core commitment to protecting users’ finances in the cryptocurrency marketplace.
Vietnam Accelerates Crypto Regulation and Blockchain Initiatives
Vietnam’s efforts to regulate its rapidly expanding crypto market are becoming increasingly focused. The government has enacted the pilot resolution on a regulated exchange of digital assets and aims to test this platform in cities like Ho Chi Minh City and Da Nang. This is part of a wider strategy of creating a transparent trading environment that will decrease investor risks, minimize illegal activities, and promote the development of blockchain technology in the country.
In addition to these regulatory steps, Vietnam’s oldest securities firm, SSI Securities Corporation is teaming up with Tether and KuCoin to promote blockchain startups’ growth. SSI has recently launched SSI Digital Ventures, a $200 million fund to support local crypto startups.
The collaboration between Bybit, the Ministry of Finance and SSI represents Vietnam’s commitment to leading in the global digital asset space. With the government’s rapid steps to regulate crypto assets Vietnam is expected to become an attractive destination for global crypto investors.
