{"id":475482,"date":"2025-04-19T00:00:49","date_gmt":"2025-04-18T23:00:49","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=475482"},"modified":"2025-12-13T00:59:40","modified_gmt":"2025-12-13T00:59:40","slug":"vietnam-plans-pilot-crypto-trading-platform-with-bybit-support","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/vietnam-plans-pilot-crypto-trading-platform-with-bybit-support\/","title":{"rendered":"Vietnam plans pilot crypto trading platform with Bybit support"},"content":{"rendered":"

Vietnam\u2019s Ministry of Finance plans to establish a pilot crypto trading platform with technical assistance from Bybit<\/a>, as reported by Vietnam Investment Review on April 18.<\/span><\/p>\n

Finance Minister Ho Duc Phoc emphasized that unofficial and unregulated transactions pose a major risk to investors, citing the need for a comprehensive legal framework to guide the country\u2019s digital asset market.<\/span><\/p>\n

The effort comes as Vietnam ranks fifth globally in crypto adoption, according to Chainalysis\u2019<\/a> latest \u201cGeography of Crypto Report.\u201d\u00a0<\/span><\/p>\n

Pilot crypto trading framework<\/strong><\/h2>\n

The Ministry of Finance, tasked with leading the initiative, will collaborate with other state agencies to develop regulations. A draft resolution for a pilot for the crypto platform is expected to be submitted to the government in early May.\u00a0<\/span><\/p>\n

The platform aims to create a controlled environment where investors and businesses can transact transparently and safely while enabling the state to manage risks.<\/span><\/p>\n

Minister Phoc said the project would help Vietnam channel crypto into the growth of the digital economy. The pilot project is part of broader government efforts to establish a legal corridor that supports blockchain innovation and investment protection.<\/span><\/p>\n

Bybit will help the Ministry of Finance design the trading platform. Bybit co-founder and CEO Ben Zhou expressed interest in implementing a sandbox model, which would provide a simulated environment for testing trading mechanisms under regulatory oversight.<\/span><\/p>\n

Bybit offers technical assistance<\/strong><\/h2>\n

Zhou noted that Bybit\u2019s experience in building anti-money laundering controls and its partnerships with major global organizations position it to support Vietnam in developing transaction tracking and compliance systems.\u00a0<\/span><\/p>\n

Moreover, he stressed that a well-regulated exchange could drive positive outcomes once the legal framework is fully established.<\/span><\/p>\n

The Ministry welcomed Bybit\u2019s offer and directed the State Securities Commission to coordinate further discussions with the exchange to refine the proposals.<\/span><\/p>\n

Bybit\u2019s efforts come amid Binance<\/a>-related moves to support blockchain growth in different countries.<\/span><\/p>\n

On April 3, former Binance CEO Changpeng Zhao<\/a><\/span> signed a\u00a0memorandum of understanding<\/a><\/strong> with the Kyrgyz Republic to act as an advisor on its blockchain growth plans. The partnership includes cooperation on technological and educational matters related to crypto and blockchain.<\/span><\/p>\n

Additionally, Zhao<\/span> became a member<\/a><\/strong> of the Pakistan Crypto Council on April 7, helping with infrastructure and educational efforts in the crypto industry.<\/span><\/p>\n

Binance CEO Richard Teng<\/a> revealed on April 17 that the exchange<\/span> is working with various countries<\/a><\/strong> to support their crypto-related initiatives.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Vietnam\u2019s Ministry of Finance plans to establish a pilot crypto trading platform with technical assistance from Bybit, as reported by Vietnam Investment Review on April 18. Finance Minister Ho Duc Phoc emphasized that unofficial and unregulated transactions pose a major risk to investors, citing the need for a comprehensive legal framework to guide the country\u2019s […]<\/p>\n","protected":false},"author":1511,"featured_media":475510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,1,39,77968],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nVietnam plans pilot crypto trading platform with Bybit support<\/title>\n<meta name=\"description\" content=\"The platform aims to create a controlled environment where investors and businesses can transact transparently and safely.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/vietnam-plans-pilot-crypto-trading-platform-with-bybit-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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