CryptoInAsia

$BTC | Vietnam & Bybit Join Forces on Regulated Crypto Exchange

Vietnam’s Finance Ministry is partnering with Bybit to roll out a pilot crypto trading platform, marking a major step toward a regulated digital asset ecosystem. Announced on April 17, 2025, after a key meeting between Bybit CEO Ben Zhou and Finance Minister Nguyen Van Thang, the move targets Vietnam’s fast-growing crypto scene—home to over 17 million holders and $105B in blockchain flows between 2023–2024.

Bybit will lend its tech expertise, offering risk control and operational guidance. A draft pilot resolution heads to the government for review this May.

Backed by SSI Securities’ $200M crypto fund and tied to Vietnam’s ambitious $500M “Make in Vietnam” Layer 1 project, the initiative underscores the country’s growing blockchain ambitions. Despite the recent $1.5B Bybit hack, Zhou reaffirmed full reimbursement to users, aiming to restore trust and momentum.

Could this be the start of Vietnam becoming a serious player in global crypto innovation?
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