Bybit’s CEO Meets with Vietnam’s Minister of Finance to | Crypto Work Pro
DUBAI, UAE, April 19, 2025 /CNW/ — Ben Zhou, Co-founder and CEO of Bybit, one of the world’s second-largest cryptocurrency exchanges by trading quantity, met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam, to categorical Bybit’s robust help for the nation’s regulatory sandbox initiative and its imaginative and prescient to construct a secure, clear, and innovation-friendly digital asset ecosystem.
Hosted on the Ministry of Finance headquarters, the assembly centered on Vietnam’s efforts to set up a complete legal framework for crypto belongings. Minister Nguyen Van Thang outlined the Government’s plan to launch a pilot sandbox mechanism that can permit regulators to check the issuance and trading of crypto belongings in a managed setting. This initiative is designed to mitigate dangers, strengthen investor safety, and guarantee regulatory readiness earlier than introducing official laws.
A key half of the dialogue centered on safeguarding the market towards illicit actions. The Minister emphasised the significance of strong compliance frameworks, together with Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, to forestall the misuse of digital belongings and help the nation’s financial security.
In response, Ben Zhou welcomed Vietnam’s measured and accountable strategy to digital asset regulation and reiterated Bybit’s long-standing dedication to compliance:
“Vietnam’s forward-thinking regulatory sandbox is a critical step toward unlocking the full potential of blockchain technology. At Bybit, we are fully aligned with the Government’s focus on investor protection and financial integrity,” mentioned Ben Zhou, Co-founder and CEO of Bybit. “We are proud to share our expertise in KYC, AML, and global compliance standards, and we look forward to supporting Vietnam in building a resilient, secure, and dynamic crypto economy.”
Bybit expressed its readiness to collaborate with Vietnamese authorities on a number of fronts, together with system structure design, transaction oversight, and the implementation of worldwide best practices in AML/KYC. The exchange additionally proposed help in capability building, corresponding to coaching financial regulators and sharing experiences from different jurisdictions.
Minister Nguyen Van Thang welcomed Bybit’s proactive strategy and assigned the State Securities Commission to coordinate with Bybit on concrete proposals. He additionally counseled Bybit’s popularity for robust financial capabilities, technological resilience, and its adherence to legal and regulatory necessities within the markets the place it operates.
This assembly underscores Bybit’s growing function as a trusted worldwide companion for regulatory dialogue and innovation. It additionally highlights Vietnam’s readiness to embrace blockchain technology whereas making certain financial security and public confidence within the digital asset space.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading quantity, serving a international neighborhood of over 60 million customers. Founded in 2018, Bybit is redefining openness within the decentralized world by creating a easier, open and equal ecosystem for everybody. With a robust concentrate on Web3, Bybit companions strategically with main blockchain protocols to present strong infrastructure and drive on-chain innovation. Renowned for its secure custody, various marketplaces, intuitive person expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and lovers to unlock the complete potential of Web3. Discover the long run of decentralized finance at Bybit.com.
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