In a significant step toward fostering a progressive crypto environment in Vietnam, Ben Zhou, CEO of Bybit, recently met with the country’s Minister of Finance, Hồ Đức Phớc. The high-level meeting was centered around supporting the development of a regulatory sandbox and enhancing compliance within the fast-growing digital asset sector.
Bybit, a global cryptocurrency exchange, expressed its strong interest in working closely with Vietnamese authorities to ensure secure, transparent, and innovation-friendly practices in the local crypto market. Zhou highlighted the importance of a flexible and clear regulatory framework that allows for the responsible growth of blockchain technology and virtual assets.
Vietnam is quickly becoming a notable player in the global crypto scene, and the Ministry of Finance has shown keen interest in exploring how regulation can adapt to this evolving industry. The idea of a regulatory sandbox — a controlled space where crypto innovations can be tested under government supervision — was discussed as a key initiative.
Zhou reaffirmed Bybit’s commitment to compliance and education, noting that cooperation between regulators and industry leaders is essential to building public trust and long-term sustainability. He also emphasized Bybit’s dedication to supporting Vietnam’s goals of digital transformation and economic growth through the responsible use of blockchain technology.
The meeting marks a positive step toward stronger public-private partnerships in Vietnam’s crypto landscape, signaling the government’s openness to dialogue and innovation in the financial technology sector.
