🇻🇳 Key Meeting Between Bybit CEO and Vietnam's Finance Minister
On April 17, 2025, at the Ministry of Finance headquarters, Ben Zhou, CEO of the cryptocurrency exchange Bybit, held a significant meeting with Vietnam’s Finance Minister Nguyễn Văn Thắng. The meeting's goal was to discuss potential cooperation between Bybit and the Vietnamese Ministry of Finance to develop a legal framework for cryptocurrency assets and establish a cryptocurrency exchange model in Vietnam.
💡 Proposing Support for Building a Legal Framework for Crypto Assets
During the meeting, Ben Zhou expressed Bybit’s willingness to assist Vietnam in developing a legal framework for cryptocurrency assets. He emphasized that having a clear regulatory structure would enhance transparency, protect investors, and promote the sustainable development of the digital asset market in Vietnam.
He also proposed support in areas such as training, creating operational processes, and managing risks for cryptocurrency exchanges to ensure safe and efficient market operations.
📊 Vietnam – A Promising Market with High Participation
Vietnam is currently one of the top three countries with the highest number of participants in cryptocurrency transactions globally. However, the market still lacks a comprehensive legal framework, which leads to many unofficial activities that pose significant risks to investors.
The Vietnamese government has acknowledged this issue and tasked the Ministry of Finance with researching and proposing a resolution for piloting a cryptocurrency exchange model.
🤝 Commitment to Collaboration Between Bybit and the Ministry of Finance
Minister Nguyễn Văn Thắng appreciated Bybit’s willingness to cooperate and stated that the Ministry would review Bybit’s proposals for collaboration. He stressed that completing the legal framework for cryptocurrency assets is essential to managing risks and harnessing the full potential of Vietnam’s digital economy.