Vietnam's Finance Minister Meets with Bybit CEO to Discuss Digital Asset Cooperation

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Vietnam's Finance Minister Meets with Bybit CEO to Discuss Digital Asset Cooperation

Vietnam's Finance Minister Nguyen Van Thang and Bybit CEO Ben Zhou held discussions on potential collaboration in the digital asset sector. The meeting aimed to establish a legal framework for digital assets and set up Vietnam's first virtual asset exchange. Bybit's CEO expressed interest in investing in Vietnam's digital asset market and assured full reimbursement to investors after a recent security breach. Minister Thang appreciated Bybit's proposal to support training, risk control, and legal framework development. Additionally, Ben Zhou met with SSI Securities Corporation CEO to discuss the future of finance and digital assets. Vietnam is working towards regulating digital assets, with plans to pilot digital asset exchanges in major cities. The engagement between the Vietnamese government and crypto companies like Bybit signifies a significant step in the country's crypto landscape, which is currently in a legal gray area.