Bybit CEO Ben Zhou recently met with Vietnamese Finance Minister Nguyen Van Thang to discuss potential collaboration to advance the country’s digital asset market. This meeting, held at the Ministry of Finance headquarters in Hanoi, marks a significant step for Bybit and the Vietnamese government in developing a partnership.
According to tronweekly, the main goal of the discussion was to explore the establishment of a legal framework for digital assets and the creation of Vietnam’s first national digital asset exchange. Minister Thang highlighted the growing crypto market in the country, noting that Vietnam ranks third globally in investor participation in crypto trading.
The Vietnamese Ministry of Finance has been proactive in drafting regulations for the digital asset space. In early 2025, the government directed the ministry to study various legal frameworks for crypto asset transactions. These government efforts aim to create a regulated environment with transparency, investor protection, and testing the feasibility of regulated exchanges.
Minister Thang recognized the importance of establishing a legal framework to ensure that transactions remain safe and protected, protecting investors from risks associated with illicit and unofficial trading practices. Ben Zhou shared information about Bybit’s position in the global crypto market during the meeting. The company is also working to forge alliances with the country and plans to build its digital asset infrastructure.
Bybit’s experience in developing Anti-Money Laundering (AML) control systems and its international organization partnerships could enable it to create a secure legal infrastructure and transaction system. During the meeting, Zhou also addressed security breaches that led to Bybit losing $1.5 billion through hacker attacks.
Zhou assured the Ministry that any affected users would receive full compensation. In his discussion with the Ministry, Zhou emphasized the company’s transparent operations and uninterrupted withdrawal services to prevent significant market disruptions. Zhou provided assurances on security, demonstrating the exchange’s core commitment to safeguarding users’ finances in the crypto market.
