Vietnam’s Ministry of Finance plans to establish a pilot crypto trading platform with technical assistance from Bybit, as reported by Vietnam Investment Review on April 18.
Finance Minister Ho Duc Phoc emphasized that unofficial and unregulated transactions pose a major risk to investors, citing the need for a comprehensive legal framework to guide the country’s digital asset market.
The effort comes as Vietnam ranks fifth globally in crypto adoption, according to Chainalysis’ latest “Geography of Crypto Report.”
Pilot crypto trading framework
The Ministry of Finance, tasked with leading the initiative, will collaborate with other state agencies to develop regulations. A draft resolution for a pilot for the crypto platform is expected to be submitted to the government in early May.
The platform aims to create a controlled environment where investors and businesses can transact transparently and safely while enabling the state to manage risks.
Minister Phoc said the projec
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