Vietnam’s Ministry of Finance has partnered with Bybit to launch a regulated crypto trading pilot program, aiming to establish clear legal frameworks for the industry. The initiative seeks to safeguard investors and foster sustainable growth within Vietnam’s burgeoning cryptocurrency market. The collaboration involves both the Ministry of Finance and Bybit’s CEO, Ben Zhou, who are working together on compliance protocols for AML and other regulatory measures. The program is expected to provide a framework for greater institutional involvement and increased trading volumes in Southeast Asia. While initial market reactions remain subdued as regulatory processes continue, this pilot program signifies Vietnam’s commitment to establishing itself as a leader in crypto regulation within the region.