Dubai, United Arab Emirates, December 4th, 2024,
Chainwire
Bybit, the world’s second-largest cryptocurrency
exchange by trading volume, reaffirmed its commitment to fostering
a transparent and sustainable crypto ecosystem at CRYPTO TALKS. VILNIUS Vol.
2. Held on November 27, 2024, in partnership with the Crypto
Economy Organisation (CEO), the event convened industry experts to
explore the evolving regulatory landscape in Europe, with a
particular focus on the Markets in Crypto-Assets Regulation (MiCAR
/ MiCA).
Navigating MiCAR's
Complexities
Bybit shared valuable insights into the
challenges faced by crypto businesses as they navigate the
complexities of MiCAR compliance. These include:
- Interpretational Discrepancies: Variations in understanding
between international and local licensing requirements can lead to
procedural hurdles and extended timelines.
- Complex Legal Frameworks: Coordinating with external legal
advisors across multiple jurisdictions requires meticulous planning
and alignment.
- Operational Readiness: Establishing a compliant operational
infrastructure demands significant investments in resources and
organizational adjustments.
Commitment to Compliance and
Collaboration
Bybit's participation at CRYPTO TALKS.
VILNIUS Vol. 2 underscores its compliance-first approach and
dedication to working collaboratively with regulatory authorities
and industry stakeholders. The exchange sees MiCAR as a pivotal
step toward a regulated and robust crypto market in Europe and aims
to share its experiences to ease the transition for the broader
industry.
“As MiCAR shapes the future of crypto regulation in
Europe, collaboration and proactive preparation are essential,”
said Robert Macdonald, Chief Legal & Compliance Officer at
Bybit. “Bybit is committed to maintaining the highest standards of
compliance and supporting regulatory efforts to create a secure and
thriving digital asset ecosystem. Sharing our experiences at events
like CRYPTO TALKS is part of our broader mission to contribute to a
more cohesive industry approach.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by
trading volume, serving over 50 million users. Established in 2018,
Bybit provides a professional platform where crypto investors and
traders can find an ultra-fast matching engine, 24/7 customer
service, and multilingual community support. Bybit is a proud
partner of Formula One’s reigning Constructors’ and Drivers’
champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit's Communities and Social
Media
Contact
Head of PR
Tony
Au
Bybit
tony.au@bybit.com