Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has strengthened its relationship with Vietnamese policymakers following a meeting between co-founder and CEO Ben Zhou and Nguyễn Văn Thắng at the Government Headquarters in Hanoi.
The meeting marks the second official engagement between Bybit and Vietnamese authorities within the past year, highlighting ongoing cooperation as Vietnam builds a regulatory framework for digital assets and virtual asset markets.
The discussions come at a pivotal moment for the country's crypto industry, following the introduction of Resolution No. 05/2025/NQ-CP, which established a pilot framework for digital asset market development.
Vietnam pursues balanced regulatory approach
During the meeting, Deputy Prime Minister Nguyễn Văn Thắng emphasized Vietnam's strategy of balancing innovation with investor protection.
While recognizing the economic potential of blockchain technology and digital assets, the government continues to prioritize safeguards against fraud, money laundering, and market abuse. Officials also stressed the importance of transparent oversight aligned with international regulatory standards.
Vietnam is currently seeking support from experienced global industry participants to help develop the legal, technological, and operational foundations required for a safe and effective crypto market.
Areas of focus include transaction monitoring systems, regulatory supervision tools, technology infrastructure, and workforce development programs.
Vietnam has signaled that access to its pilot crypto market will be limited to firms capable of meeting rigorous operational and compliance standards.
Authorities indicated that participating companies will need to demonstrate sufficient capital resources, proven operational experience, strong cybersecurity capabilities, advanced technology infrastructure, and a track record of compliance with international regulations.
The approach reflects a broader trend among regulators seeking to foster innovation while maintaining tight controls over market integrity and consumer protection.
Bybit offers regulatory and compliance support
"Vietnam is taking a forward-looking and measured approach toward digital asset innovation by prioritizing transparency, investor protection, and regulatory readiness from the beginning,” said Ben Zhou, co-founder and CEO of Bybit. “At Bybit, we believe the future of the digital asset industry depends on close collaboration with regulators and institutions. We are honored to continue supporting Vietnam through international best-practice sharing, institutional capacity building, compliance expertise, and talent development as the country builds a secure and globally competitive digital asset ecosystem.”
According to the company, Bybit is prepared to support Vietnamese stakeholders through knowledge sharing, institutional capacity building, compliance consulting, and workforce training initiatives.
Vietnam has emerged as one of Southeast Asia's most active cryptocurrency markets in recent years, driven by strong retail adoption and a rapidly expanding digital economy.
The government's latest efforts indicate a shift toward creating a regulated framework that can attract legitimate market participants while addressing risks associated with unregulated crypto activity.
Deputy Prime Minister Nguyễn Văn Thắng expressed hope that Bybit could serve as a trusted partner during the pilot phase, helping authorities develop a transparent and efficient market that balances innovation with public and investor interests.
The meeting underscores the growing importance of Southeast Asia in the global digital asset landscape.
For Vietnam, the pilot framework represents a significant step toward formalizing its crypto sector. For Bybit, the continued dialogue reinforces its strategy of working alongside regulators as governments move from observation to implementation of digital asset policies.
Arman Shirinyan
Dan Burgin
