Dubai, United Arab Emirates, December 4, 2024, Chainwire
Bybit, the world's second-largest cryptocurrency exchange by trading volume, reaffirmed its commitment to transparency and fostering a sustainable cryptocurrency ecosystem at CRYPTO TALKS. Vilnius Vol. 2. The event, held on November 27, 2024, convened industry experts in partnership with the Cryptoeconomic Organization (CEO) and focused specifically on Cryptoassets Market Regulation (MiCAR/MiCA). We investigated the evolving regulatory landscape in Europe. ).
Overcoming MiCAR complexity
Bybit shared valuable insights into the challenges crypto businesses face in navigating the complexities of MiCAR compliance. These include:
Interpretive conflicts: Differences in understanding between international and domestic licensing requirements can lead to procedural hurdles and timeline extensions. Complex legal framework: Coordinating with external legal advisors across multiple jurisdictions requires careful planning and coordination. Operational readiness: Establishing a compliant operational infrastructure requires significant investment in resources and organizational coordination. Compliance and collaboration efforts
Bybit's participation in CRYPTO TALKS. Vilnius Vol. 2 emphasizes a compliance-first approach and commitment to cooperation with regulators and industry stakeholders. The exchange sees MiCAR as a pivotal step towards a regulated and robust crypto market in Europe and aims to share its experience to ease the transition for the wider industry. There is.
Robert McDonald, Chief Legal and Compliance Officer at Bybit, said: “As MiCAR shapes the future of crypto regulation in Europe, collaboration and advance preparation are essential.” “Bybit is committed to maintaining the highest standards of compliance and supporting regulatory efforts to build a secure and prosperous digital asset ecosystem. Share our experience at events like CRYPTO TALKS This is part of our broader mission to contribute to a more unified industry approach.” #Bybit / #TheCryptoArk
About Bybit
Bybit is the world's second largest cryptocurrency exchange by trading volume, serving over 50 million users. Founded in 2018, Bybit provides a professional platform where crypto investors and traders can find a lightning-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the Oracle (NYSE:) Red Bull Racing Team, F1's reigning Constructors' and Drivers' Champions.
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This article was originally published on Chainwire
