Vietnam Launches Regulated Crypto Trading Pilot, Partnering with Bybit

Vietnam’s Finance Minister, Ho Duc Phoc, announced the launch of a pilot program aimed at regulating crypto transactions within the country. This initiative aims to address the growing risks associated with unregulated trading and leverage the country’s high crypto adoption rate (fifth globally according to Chainalysis). The project will be spearheaded by the Ministry of Finance in collaboration with other government agencies, with a draft resolution outlining the pilot framework expected in May.