Vietnam plunges headfirst into the wild crypto tempest, drafting a national exchange—because who needs calm seas when you have blockchain waves? 🌊💸
Vietnam Unveils Plan to Pilot National Crypto Exchange
On a day etched in Hanoi’s brisk spring air, the Ministry of Finance summoned its wits (and some Google translations) to declare a new vision: a homegrown crypto exchange. Not just any exchange, but one with the gravitas of regulation and oversight, like a stern librarian shushing unruly digital whispers.
Finance Minister Nguyen Van Thang, apparently fluent in risks and subtleties (and translator glitches), confided Hanoi’s secret: “Vietnam ranks third globally in crypto investors,” as if listing trophies on a mantel. Yet, he warned, the wild west of unregulated transactions is less a shootout and more a hopeful stampede, where investors might find themselves trampled underfoot:
“The state cannot manage it, so it is necessary to have a legal framework for management to ensure the legitimate rights of investors.”
Ah, the delicate dance of “control without suffocation,” the pilot exchange is a cautious first step—a toddler testing its blockchain legs before the full regulatory marathon begins. Thang praised Bybit’s alliance proposal, lauding them as crypto-savvy cheerleaders ready with training batons, risk control helmets, and legal manuals.
Ben Zhou, Bybit’s co-founder, strode on stage, a global crypto gladiator with tales of cyber dragons slain (a $1.5 billion hack, no less) and treasure restored. According to Zhou, no users lost a coin—thanks to “transparency” and “1:1 asset backing,” which sounds to us like a digital Fort Knox guarded by very dedicated nerds. Vietnam, with its buzzing developer hive and passionate crypto zealots, is dubbed a “strategic market,” a phrase economists use to sound serious while actually daydreaming about coffees.
“Bybit is very interested in the pilot model of building an exchange and is ready to cooperate with Vietnam in the process of building a legal framework for the crypto market.”
With Vietnam skyrocketing to the top of crypto transaction charts, officials sniff urgency like a cat sensing a closed door—something must be done, and quickly, lest investors tumble through regulatory cracks and vanish as vapor. Zhou pitched Bybit’s anti-money laundering armor and transaction-behavior spyglass, better tools than a metal detector at a pirate convention.
Minister Thang, ever the cautious optimist, reminded all that the pilot program is no mere whimsy but a calculated step toward a well-lit, safe crypto bazaar—and if successful, a golden brick in Vietnam’s digital economy foundation. In short: wallets open, but helmets too. 🚀🤖
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2025-04-19 14:59