The cryptocurrency exchange Bybit, one of the largest in the world, has expressed its support for Vietnam's initiative to create a legal framework for digital assets.
Meeting with Vietnam's Finance Minister
Ben Zhou, co-founder and CEO of Bybit, met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam. The meeting focused on supporting the initiative to create a digital asset sandbox. The Minister outlined plans to launch a pilot mechanism that will allow regulators to test the issuance and trading of crypto assets in a controlled environment.
Initiative for Cryptocurrency Sandbox
The proposed sandbox aims to mitigate risks and enhance investor protection, while ensuring readiness for the introduction of official legislation. The Minister emphasized the need for robust compliance frameworks to prevent illicit activities in the market.
Support for Regulatory Compliance
Ben Zhou noted the importance of Vietnam's approach, focusing on investor protection and financial integrity. "Vietnam's forward-thinking regulatory sandbox is a critical step toward unlocking the full potential of blockchain technology. We are ready to assist Vietnam in building a resilient and dynamic crypto economy," he stated.
The meeting between Bybit and the Vietnamese government highlights the exchange's growing role as a trusted international partner in regulatory dialogue and innovation. This initiative illustrates Vietnam's readiness to embrace blockchain technology while ensuring financial safety.
