- Vietnam’s Ministry of Finance and Bybit initiate crypto trading pilot.
- Focus on establishing a legal framework for digital assets.
- Regulatory clarity could boost Vietnam’s crypto market access.
Vietnam’s Ministry of Finance and Bybit began a pilot project to legalize cryptocurrency trading following a partnership meeting held on April 17, 2025, in Hanoi.
The collaboration aims to create a legal framework, potentially increasing market access for Vietnam’s large crypto user base.
Vietnam and Bybit Launch Crypto Trading Pilot
On April 17, 2025, Vietnam’s Finance Minister Nguyen Van Thang met with Bybit CEO Ben Zhou to announce a cooperative pilot project for cryptocurrency regulation. Bybit will play a pivotal role by providing technological and compliance support. This pilot is essential to crafting a regulatory sandbox, enabling Vietnam to better align with international crypto standards and boost potential funding. The Ministry emphasized its commitment to a legal framework that might transform Vietnam into a leading digital hub. Zhou reassured stakeholders of Bybit’s commitment to investor protection following a past $1.5 billion security incident. Ben Zhou, CEO and Co-founder, Bybit, stated, “Bybit is committed to supporting Vietnam’s vision for digital asset regulation through collaboration and investment in the local ecosystem.” The initiative is expected to attract more institutional interest and promote crypto adoption across Vietnam.
Experts See Potential Shift in Vietnam’s Crypto Landscape
Insights from the Coincu research team suggest that this pilot program by Vietnam’s Ministry of Finance signals a regulatory shift, possibly leading to new technological developments and increased market participation in the region. Bybit’s proactive stance enhances its reputation as a key player in digital asset security and compliance.
Experts See Potential Shift in Vietnam’s Crypto Landscape
Did you know? Vietnam’s approach mirrors regional neighbors like Thailand, where regulatory sandboxes eventually led to licensed exchanges and boosted local token usage.
Bitcoin (BTC) has recently been priced at $84,530.67, supported by a market cap of $1.68 trillion and a dominance of 62.76%, according to CoinMarketCap. Over the past 24 hours, BTC experienced a -1.00% decline, while its 24-hour trading volume reached $14.18 billion, marking a 6.56% change.
Insights from the Coincu research team suggest that this pilot program by Vietnam’s Ministry of Finance signals a regulatory shift, possibly leading to new technological developments and increased market participation in the region. Bybit’s proactive stance enhances its reputation as a key player in digital asset security and compliance.
Source: https://coincu.com/333164-vietnam-crypto-pilot-bybit-partnership/