$BTC Vietnam’s Finance Ministry has teamed up with Bybit to launch a crypto trading pilot, aiming to establish a regulated digital asset exchange and a robust legal framework.
Announced on April 17, 2025, after a meeting between Bybit CEO Ben Zhou and Finance Minister Nguyen Van Thang, this move targets Vietnam’s booming crypto market, with over 17 million holders and $105B in blockchain-related flows from 2023-2024.
Bybit will provide technical support, including risk control and operational expertise, while a pilot resolution is set for government review in May 2025.
The initiative, backed by SSI Securities’ $200M crypto fund, aligns with Vietnam’s push for blockchain innovation, including a $500M “Make in Vietnam” Layer 1 network. Despite a recent $1.5B Bybit hack, Zhou emphasized full investor reimbursement, reinforcing trust.
How will this partnership shape Vietnam’s role in the global crypto landscape?