Vietnam Strengthens Ties with Binance and Bybit for Crypto Growth
Vietnam deepens collaboration with Binance and Bybit to boost blockchain and digital asset regulation and development.
- Vietnam seeks blockchain support from Binance and Bybit
- Legal pilot framework highlighted as a national priority
- Bybit to aid with talent training and global insights
Vietnam is taking concrete steps to develop its blockchain and digital asset ecosystem, and it’s turning to global crypto leaders for support. During a recent diplomatic visit to the UAE, Vietnam’s Deputy Prime Minister Nguyen Hoa Binh met with Binance CEO Richard Teng and Bybit CEO Ben Zhou to discuss future collaboration.
This move signals Vietnam’s growing interest in becoming a regulated and competitive player in the global crypto landscape.
Focus on Legal Framework and Talent Development
One of the key issues raised in the meetings was the need for a pilot legal framework that could pave the way for blockchain innovation without compromising regulatory integrity. Deputy PM Binh emphasized that legal clarity is crucial for sustainable development in the sector.
Bybit CEO Ben Zhou responded positively, pledging to support Vietnam’s ambitions by sharing the company’s global experience, assisting with talent training programs, and collaborating on the design of regulatory frameworks. This type of support could be critical in helping Vietnam build an environment conducive to both innovation and investor protection.
Binance’s Role in Vietnam’s Crypto Journey
Binance, one of the world’s largest cryptocurrency exchanges, also reaffirmed its interest in Vietnam’s blockchain future. CEO Richard Teng discussed ways to collaborate on blockchain education and infrastructure, aligning with Vietnam’s goal of becoming a digital-first economy.
Teng’s meeting with Deputy PM Binh suggests that Binance is ready to act as a long-term partner for the Vietnamese government, offering resources and guidance on best practices from other regions.
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