Binance CEO Meets Vietnam Deputy PM to Discuss Blockchain Growth
The post Binance CEO Meets Vietnam Deputy PM to Discuss Blockchain Growth appeared on BitcoinEthereumNews.com. Vietnam’s Deputy PM and Binance CEO discuss blockchain growth, legal frameworks, and Da Nang’s development as a leading digital asset financial hub. Vietnam is moving closer to establishing itself as a regional leader in blockchain and digital assets. This week Deputy Prime Minister Nguyen Hoa Binh met with Binance CEO Richard Teng and Bybit CEO Ben Zhou during an official trip to the United Arab Emirates. The discussions focused on the development of a pilot legal framework for the digital assets, the development of foreign investment, and the development of Da Nang as a new financial hub. Binance Plans Da Nang Headquarters Amid Vietnam Blockchain Push According to the reports of Vietnamnet, the Deputy Prime Minister applauded the growth of Bybit in Vietnam, where it already serves over 2.5 million users. He emphasized the need for a suitable legal framework for digital assets to provide stability and promote innovation. Bybit promised to support Vietnam through providing international experience, training for talent and contributing to new regulation. Related Reading: Vietnam Begins Five-Year Pilot Program to Regulate Crypto Trading | Live Bitcoin News The talks with Binance had even more weight. Nguyen Hoa Binh suggested Binance open a headquarters in Da Nang and collaborate with the International Financial Center to launch a regulated digital asset exchange. Richard Teng welcomed the proposal and signed a memorandum of understanding with the Da Nang People’s Committee centered on the development of blockchain. The government also invited him to serve as a senior advisor based on his regulatory experience at Abu Dhabi Global Market. This collaboration is considered a strategic move in Vietnam’s strategy to enhance its global financial status. In line with its ambitions, the country is partnering with leading international exchanges with the hopes that it will attract more institutional investment and lend credibility…
The post Binance CEO Meets Vietnam Deputy PM to Discuss Blockchain Growth appeared on BitcoinEthereumNews.com.
Vietnam’s Deputy PM and Binance CEO discuss blockchain growth, legal frameworks, and Da Nang’s development as a leading digital asset financial hub. Vietnam is moving closer to establishing itself as a regional leader in blockchain and digital assets. This week Deputy Prime Minister Nguyen Hoa Binh met with Binance CEO Richard Teng and Bybit CEO Ben Zhou during an official trip to the United Arab Emirates. The discussions focused on the development of a pilot legal framework for the digital assets, the development of foreign investment, and the development of Da Nang as a new financial hub. Binance Plans Da Nang Headquarters Amid Vietnam Blockchain Push According to the reports of Vietnamnet, the Deputy Prime Minister applauded the growth of Bybit in Vietnam, where it already serves over 2.5 million users. He emphasized the need for a suitable legal framework for digital assets to provide stability and promote innovation. Bybit promised to support Vietnam through providing international experience, training for talent and contributing to new regulation. Related Reading: Vietnam Begins Five-Year Pilot Program to Regulate Crypto Trading | Live Bitcoin News The talks with Binance had even more weight. Nguyen Hoa Binh suggested Binance open a headquarters in Da Nang and collaborate with the International Financial Center to launch a regulated digital asset exchange. Richard Teng welcomed the proposal and signed a memorandum of understanding with the Da Nang People’s Committee centered on the development of blockchain. The government also invited him to serve as a senior advisor based on his regulatory experience at Abu Dhabi Global Market. This collaboration is considered a strategic move in Vietnam’s strategy to enhance its global financial status. In line with its ambitions, the country is partnering with leading international exchanges with the hopes that it will attract more institutional investment and lend credibility…
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