- Vietnam has over 17 million crypto users, ranking 15th globally in adoption rate.
- Bybit will support Vietnam in launching a crypto pilot and shaping digital asset laws.
- The Finance Ministry met Bybit’s CEO to formalise collaboration on crypto regulations.
The Ministry of Finance in Vietnam collaborates with Bybit cryptocurrency exchange to operate a crypto trading pilot scheme and develop complete legal guidelines for digital asset markets. The partnership was established after Minister of Finance Nguyen Van Thang and Bybit CEO Ben Zhou met on April 17, 2025. The primary subject at the meeting was an official path to regulate cryptocurrency operations in Vietnam.
The pilot program includes efforts from the government to assess crypto trading operations while tracking market dynamics to develop laws that match these findings. Through this initiative, Vietnam can fulfil its mission of implementing effective laws to control its rapidly expanding crypto user base.
The Asian nation of Vietnam stands among the countries with the most crypto-adopting populations. The partnership represents the initial formal connection between a worldwide crypto platform and Vietnam’s government, which reveals the government’s growing awareness about the digital asset market.
Pilot Program Designed to Support Policy Development and Consumer Protection
The pilot program enables Vietnamese authorities to gather digital currency market data about trading activities while monitoring user behaviours and identifying cryptocurrency risks. The study database will help the Ministry of Finance develop a national legal structure to manage cryptocurrency and investment activities. The financial institution in Vietnam aims to transition its open market structure into a controlled economic system.
Government officials will study cryptocurrency exchange operations within current rules and specify amendments to legal structures. Through this pilot initiative, regulators gain opportunities to find effective ways to defend investors from market instability and deceptive practices. Through its partnership with Bybit, the ministry can obtain international practices, which it will implement appropriately for its local environment.
Consumer protection measures and anti-money laundering regulations will serve as the main operational points within this framework. Other financial institutions and government agencies will collaborate with the Ministry to validate that this framework follows Vietnam’s financial regulations and international agreements.
Strategic Partnership Reflects Vietnam’s Growing Crypto Market
The number of crypto users in Vietnam is expanding because young investors and technology-savvy entrepreneurs show increasing interest in the market. Reports show that Vietnam maintains its position as a leading nation for embracing cryptocurrencies because of its strong performance in peer-to-peer transactions and blockchain business startup activity.
The Bybit partnership illustrates Vietnam’s approach to validating cryptocurrency trading and welcomes more investment in its fintech market. The introduction of proper legal guidelines would allow international trading platforms to form new alliances with Vietnamese institutions, thus strengthening Vietnam’s position in digital economy markets.
Bybit’s regulatory experience in other countries gives Vietnam a reliable partnership during this pilot project. Further progress in the project timeline will lead to specific policy recommendations and envisioned legal adjustments during the upcoming months.
