Bybit CEO Ben Zhou meets Vietnam’s Finance Minister to support a national crypto regulatory sandbox, offering expertise in AML/KYC compliance and blockchain security.
 |
| Vietnam moves closer to crypto regulation with Bybit’s support as CEO Ben Zhou meets the Finance Minister to discuss sandbox trials and global compliance standards. Image: Bybit |
HANOI, Vietnam — April 20, 2025:
In a strategic step toward shaping Vietnam’s future in digital finance, Bybit Co-founder and CEO Ben Zhou met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam, to express strong support for the nation’s regulatory sandbox initiative and commitment to creating a compliant, innovation-driven crypto ecosystem.
Held at the Ministry of Finance headquarters in Hanoi, the high-level meeting focused on Vietnam’s planned pilot sandbox program, which will allow authorities to test the issuance and trading of cryptocurrencies in a controlled, risk-mitigated environment before enacting formal legislation.
Minister Nguyen emphasized the necessity of building a robust legal and compliance framework, including strict enforcement of Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, to ensure financial security and prevent the misuse of digital assets.
Zhou praised the initiative, stating: “Vietnam’s forward-thinking regulatory sandbox is a critical step toward unlocking the full potential of blockchain technology. At Bybit, we are fully aligned with the government’s focus on investor protection and financial integrity.”
He reaffirmed Bybit’s commitment to supporting the initiative by offering technical expertise in areas such as compliance system architecture, transaction monitoring, and AML/KYC frameworks. The company also proposed collaborating on training programs for regulators and sharing global best practices from established jurisdictions.
Impressed by Bybit’s proactive approach, Minister Nguyen tasked the State Securities Commission with coordinating with the exchange on concrete proposals. He lauded Bybit’s financial strength, technological capabilities, and its reputation for adhering to global regulatory standards.
This meeting marks a significant moment in Vietnam’s journey toward digital asset regulation, as the country balances innovation with public trust and financial oversight. It also highlights Bybit’s growing role as a trusted global partner in blockchain compliance and education.
As Vietnam prepares to launch its regulatory sandbox, Bybit’s involvement reflects a broader industry shift toward collaborative regulation, positioning both the company and the country at the forefront of responsible crypto innovation in Asia and beyond.