Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has significantly deepened its regulatory engagement with Vietnam following a high-level meeting in Hanoi. The exchange’s co-founder and CEO, Ben Zhou, met with Deputy Prime Minister Nguyễn Văn Thắng at the Government Headquarters, marking the second official dialogue between Bybit and Vietnamese authorities in the past year.
The discussions centered on advancing Vietnam’s digital asset regulatory framework, particularly in light of Resolution No. 05/2025/NQ-CP, which established a five-year pilot program to formalize and oversee the country’s cryptocurrency market. Deputy Prime Minister Thắng underscored Vietnam’s balanced approach—embracing innovation while prioritizing investor protection, anti-money laundering measures, anti-fraud safeguards, and transparent market supervision aligned with international norms. He stressed that participation in the pilot would be subject to stringent requirements on capital adequacy, operational track record, technological capability, cybersecurity, and international compliance experience.
Ben Zhou praised Vietnam’s “forward-looking and measured approach” and affirmed Bybit’s readiness to support the pilot through international best-practice sharing, institutional capacity building, compliance expertise, and talent development. Bybit committed to collaborating on market surveillance, operational governance, risk management frameworks, and workforce training. The Deputy Prime Minister expressed his expectation that Bybit would become a trusted partner to Vietnamese regulatory agencies during the pilot phase, contributing to a healthy, transparent, and efficient crypto-asset market.
This engagement reflects Vietnam’s accelerating efforts to position itself as a leading digital innovation hub in Southeast Asia, with Bybit set to act as a key compliance consultant in the transition toward a fully regulated crypto market.
