BYBIT CEO meets with the Minister of Finance in Vietnam to support the Regulatory Sand Fund and enhance compliance with encryption – Cryptomode
DubaiThe UAEand April 19, 2025 / PRNEWSWIRE/ – Ben ChuCo -founder and CEO of PipeOne of the second largest coded currency exchanges in the world through trading, met with it Ngawin Van ThughFinance Minister VietnamTo express the strong premit support for the country’s regulatory fund initiative and its vision to build a safe, transparent and innovative digital asset system.
It hosted at the headquarters of the Ministry of Finance, focusing the meeting Vietnam Efforts to create a comprehensive legal framework for encryption principles. minister Ngawin Van Thugh The government’s plan to launch an experimental sand mechanism has made it clear to the organizers to test the issuance and circulation of encryption assets in an control environment. This initiative is designed to relieve risk, enhance investor protection, and ensure organizational readiness before providing official legislation.
A major part of the discussion focused on protecting the market from illegal activities. The minister stressed the importance of strong compliance parties, including the anti -money laundering protocols (AML) and the knowledge of customer protocols (KYC), to prevent the misuse of digital assets and support for financial security of the country.
In response, Ben Chu Welcoming Vietnam Size and responsible approach to regulating digital assets and repeating the long -term premie commitment to compliance:
“Vietnam The Organizational Sand Fund is to think forward an important step towards opening the full potential for Blockchain technology. In bybit, we fully comply with the government’s focus on protecting investors and financial integrity. ” Ben ChuParticipant founder and CEO of BYBIT. “We are proud to share our experiences in KYC and AML and global compliance standards, and we look forward to support Vietnam In building a flexible, secure and dynamic encryption economy. “
Bybit has expressed its willingness to cooperate with the Vietnamese authorities on many fronts, including the design of the system’s architecture, overseeing transactions, and implementing international best practices in AML/KYC. The Stock Exchange also suggested support in capacity -building, such as training in financial organizers and exchanging experiences from other judicial states.
minister Ngawin Van Thugh It was welcomed by the pre -emptive approach to Bybit and the Government Securities Committee was appointed to coordinate with Bybit on concrete proposals. He also praised the reputation by bybit in strong financial capabilities, technological flexibility, and adhering to it for legal and regulatory requirements in the markets in which you work.
This meeting confirms the increasing BYBIT role as a reliable international partner for organizational dialogue and innovation. It also stands out Vietnam Prepare to embrace Blockchain technology while ensuring financial safety and public confidence in the area of digital assets.
About bybit
Bybit is the second largest exchange of cryptocurrency in the world through trading size, serving a global community of more than 60 million users. Founded in 2018, bybit redefines openness in the decentralized world by creating a simpler and equal environmental system for all. With a strong focus on Web3, Bybit is strategically inconsistent with the leading Blockchain protocols to provide a strong infrastructure and drive innovation on the chain. She is famous for her safe custody, various markets, anchor user experience, advanced Blockchain tools, embodies the gap between Trafi and Defi, empowering builders, creators, and lovers to cancel the full capabilities of Web3. Discover the future of decentralized financing in Bybit.com.
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