From Innovation to Integrity: Bybit's Take on Digital Asset Regulation at VTIS 2024 - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # From Innovation to Integrity: Bybit's Take on Digital Asset Regulation at VTIS 2024 ##### Up next ###### [Quanta Services Australia chooses IFS Cloud to drive consolidation and fuel growth](https://thailandbusinessnews.net/press-release/quanta-services-australia-chooses-ifs-cloud-to-drive-consolidation-and-fuel-growth/) Published on 10 December 2024 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/2267288/Logo.jpg?p=medium600 "logo") DUBAI, UAE, Dec. 10, 2024 /PRNewswire/ — [Bybit](https://www.bybit.com/en/press), the world’s second-largest cryptocurrency exchange by trading volume, was a prominent participant at the Vietnam Tech Impact Summit (VTIS 2024) in early December. The event brought together global leaders, legal experts, and industry pioneers to discuss the evolving regulatory landscape for digital assets during the panel discussion titled "The Legal Frontier of Digital Assets: Benefits, Challenges, and Global Experiences." The Digital Asset Regulation Challenge As digital assets, including cryptocurrencies, NFTs, and tokenized securities, transform global finance, regulatory clarity has become a pressing issue. The panel explored critical topics such as: Economic Opportunities: The benefits of legalizing digital assets to enhance financial ecosystems and drive economic growth. Global Regulatory Challenges: Fragmented regulations across jurisdictions and their impact on businesses and investors. Best Practices: Insights from pioneering nations like Singapore and the UAE that have implemented advanced frameworks for digital assets. Industry Leadership: The role of exchanges like Bybit in ensuring compliance and fostering a sustainable digital asset market. Bybit’s Insights on Regulatory Evolution Representing Bybit, Robert MacDonald, Chief Legal & Compliance Officer highlighted the transformative impact of digital assets on traditional financial sectors such as banking and securities. Blockchain technology is enabling faster, more cost-effective transactions, while tokenization in securities markets increases liquidity and transparency. MacDonald emphasized that financial institutions have a unique opportunity to innovate by adopting digital asset services like custody and trading platforms to attract tech-savvy clients and enhance operational efficiency. However, MacDonald noted that integrating digital assets presents challenges, including regulatory uncertainty, cybersecurity risks, and the complexity of incorporating new technologies with legacy systems. He stressed the need for robust regulatory measures to address these issues, citing lessons from incidents like FTX’s collapse. "Effective regulation is critical to creating a secure and transparent trading environment," MacDonald said. "Transparency, market surveillance, and strong consumer protections are essential to building trust and ensuring sustainable growth in the digital asset ecosystem." MacDonald advocated for comprehensive regulations requiring financial disclosures, enhanced market surveillance, and the segregation of customer funds to mitigate risks like market manipulation and insolvency. He concluded that by fostering trust through thoughtful regulation, the digital asset industry can achieve sustainable innovation and long-term growth. Key Takeaways for Stakeholders Clarity Drives Growth: Transparent and consistent regulations reduce uncertainty, enabling businesses to innovate and scale. Investor Protection: Legal frameworks safeguard consumers and create an environment of trust in the digital asset market. Vietnam’s Opportunity: As Vietnam emerges as a key player in the digital finance ecosystem, aligning with global best practices while addressing local needs will be pivotal. The panel at VTIS 2024 highlighted the urgent need for global regulatory consistency to enable scalability and trust in digital assets. Discussions emphasized the importance of robust frameworks that balance innovation with consumer protection, drawing lessons from leaders like Singapore and the UAE. Industry players such as Bybit were recognized for their critical role in driving compliance and fostering market stability, reinforcing the vision for adaptable legal frameworks that ensure sustainable growth in the digital asset ecosystem. \#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](https://www.bybit.com/en/press) For media inquiries, please contact: For more information, please visit: [https://www.bybit.com](https://www.bybit.com/) For updates, please follow: [Bybit’s Communities and Social Media](https://www.bybit.com/en-us/promo/global/communities/) [Discord](https://discord.gg/bybit) | [Facebook](https://www.facebook.com/Bybit/) | [Instagram](https://www.instagram.com/bybit_official/?hl=en) | [LinkedIn](https://www.linkedin.com/company/bybitexchange/) | [Reddit](https://www.reddit.com/r/Bybit/) | [Telegram](https://t.me/s/Bybit_Announcements) | [TikTok](https://www.tiktok.com/@bybit_official?lang=en) | [X](https://twitter.com/Bybit_Official) | [Youtube](https://www.youtube.com/c/bybit) [Source link ](https://www.prnasia.com/story/archive/4576183_AE76183_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/bybit-collaborates-with-taxbit-to-ensure-seamless-financial-compliance-for-global-and-eu-users/) ![Bybit Collaborates with Taxbit to Ensure Seamless Financial Compliance for Global and EU Users](https://i0.wp.com/r2.thailandbusinessnews.net/2025/08/Logo.jpg?resize=260%2C140&ssl=1 "Bybit Collaborates with Taxbit to Ensure Seamless Financial Compliance for Global and EU Users") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## Bybit Collaborates with Taxbit to Ensure Seamless Financial Compliance for Global and EU Users DUBAI, UAE, Nov. 10, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - November 10, 2025 [](https://thailandbusinessnews.net/press-release/ccd-opens-hong-kong-creative-center-strengthening-global-network-through-design/) ![CCD Opens Hong Kong Creative Center, Strengthening Global Network Through Design](https://i0.wp.com/r2.thailandbusinessnews.net/2025/10/CCD______CCD_________JPG.jpg?resize=260%2C140&ssl=1 "CCD Opens Hong Kong Creative Center, Strengthening Global Network Through Design") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## CCD Opens Hong Kong Creative Center, Strengthening Global Network Through Design HONG KONG, Oct. 16, 2025 /PRNewswire/ — CCD (Cheng Chung Design) announced… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - October 16, 2025 [](https://thailandbusinessnews.net/press-release/brandwatch-strengthens-ai-leadership-with-deeper-insights-and-expanded-data-coverage/) ## Brandwatch Strengthens AI Leadership with Deeper Insights and Expanded Data Coverage Innovative new capabilities empower marketing teams to turn insight into action —… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - November 21, 2025 ##### Most Read - [![Green Empowerment, Low-Carbon Symbiosis: Beijing Green Development Forum 2026 Grandly Opens at Beijing Municipal Administrative Center](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/green-empowerment-low-carbon-symbiosis-beijing-green-development-forum-2026-grandly-opens-at-beijing-municipal-administrative-center/ "Green Empowerment, Low-Carbon Symbiosis: Beijing Green Development Forum 2026 Grandly Opens at Beijing Municipal Administrative Center") [Green Empowerment, Low-Carbon Symbiosis: Beijing Green Development Forum 2026 Grandly Opens at Beijing Municipal Administrative Center](https://thailandbusinessnews.net/press-release/green-empowerment-low-carbon-symbiosis-beijing-green-development-forum-2026-grandly-opens-at-beijing-municipal-administrative-center/ "Green Empowerment, Low-Carbon Symbiosis: Beijing Green Development Forum 2026 Grandly Opens at Beijing Municipal Administrative Center") - [![China's Green Industries Take Center Stage at the China-ASEAN Expo as Cooperation in Energy, Power and New Energy Vehicles Enters a New Phase](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/chinas-green-industries-take-center-stage-at-the-china-asean-expo-as-cooperation-in-energy-power-and-new-energy-vehicles-enters-a-new-phase/ "China's Green Industries Take Center Stage at the China-ASEAN Expo as Cooperation in Energy, Power and New Energy Vehicles Enters a New Phase") [China's Green Industries Take Center Stage at the China-ASEAN Expo as Cooperation in Energy, Power and New Energy Vehicles Enters a New Phase](https://thailandbusinessnews.net/press-release/chinas-green-industries-take-center-stage-at-the-china-asean-expo-as-cooperation-in-energy-power-and-new-energy-vehicles-enters-a-new-phase/ "China's Green Industries Take Center Stage at the China-ASEAN Expo as Cooperation in Energy, Power and New Energy Vehicles Enters a New Phase") - [![Hotel & Shop Plus 2027: Seamless Synergy across Design, Sustainability, Digitalization](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/hotel-shop-plus-2027-seamless-synergy-across-design-sustainability-digitalization/ "Hotel & Shop Plus 2027: Seamless Synergy across Design, Sustainability, Digitalization") [Hotel & Shop Plus 2027: Seamless Synergy across Design, Sustainability, Digitalization](https://thailandbusinessnews.net/press-release/hotel-shop-plus-2027-seamless-synergy-across-design-sustainability-digitalization/ "Hotel & Shop Plus 2027: Seamless Synergy across Design, Sustainability, Digitalization") - [![S2S China Announces 2026 Finalists, Ten Standout Teams Set to Pitch Global Investors at Westlake University](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/s2s-china-announces-2026-finalists-ten-standout-teams-set-to-pitch-global-investors-at-westlake-university/ "S2S China Announces 2026 Finalists, Ten Standout Teams Set to Pitch Global Investors at Westlake University") [S2S China Announces 2026 Finalists, Ten Standout Teams Set to Pitch Global Investors at Westlake University](https://thailandbusinessnews.net/press-release/s2s-china-announces-2026-finalists-ten-standout-teams-set-to-pitch-global-investors-at-westlake-university/ "S2S China Announces 2026 Finalists, Ten Standout Teams Set to Pitch Global Investors at Westlake University") - [![DXC Ranked Top Individual Life Insurance Core Technology Provider by Everest Group](https://i0.wp.com/r2.thailandbusinessnews.net/2025/04/DXC_Technology_Company_DXC_Ranked_Top_Individual_Life_Insurance.jpg?fit=599%2C359&ssl=1&resize=40%2C40)](https://thailandbusinessnews.net/press-release/dxc-ranked-top-individual-life-insurance-core-technology-provider-by-everest-group/ "DXC Ranked Top Individual Life Insurance Core Technology Provider by Everest Group") [DXC Ranked Top Individual Life Insurance Core Technology Provider by Everest Group](https://thailandbusinessnews.net/press-release/dxc-ranked-top-individual-life-insurance-core-technology-provider-by-everest-group/ "DXC Ranked Top Individual Life Insurance Core Technology Provider by Everest Group") - [![Insta360 Opens First Flagship Store Outside Asia In New York's Times Square Amid Global Retail Expansion](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/insta360-opens-first-flagship-store-outside-asia-in-new-yorks-times-square-amid-global-retail-expansion/ "Insta360 Opens First Flagship Store Outside Asia In New York's Times Square Amid Global Retail Expansion") [Insta360 Opens First Flagship Store Outside Asia In New York's Times Square Amid Global Retail Expansion](https://thailandbusinessnews.net/press-release/insta360-opens-first-flagship-store-outside-asia-in-new-yorks-times-square-amid-global-retail-expansion/ "Insta360 Opens First Flagship Store Outside Asia In New York's Times Square Amid Global Retail Expansion") ##### Subscribe via Email Enter your email address to subscribe and receive notifications of new posts by email. Email Address Subscribe [](https://thailandbusinessnews.net/press-release/omnicom-media-was-awarded-3-3-billion-in-new-billings-in-h1-2026-more-than-any-other-global-media-group/) ![OMNICOM MEDIA WAS AWARDED .3 BILLION IN NEW BILLINGS IN H1 2026, MORE THAN ANY OTHER GLOBAL MEDIA GROUP](https://i0.wp.com/mmx.prnasia.com/media/MS1992195/CMV-H1-2026_billings-won_-groups_FINAL_chart.jpg?resize=260%2C140&ssl=1 "OMNICOM MEDIA WAS AWARDED .3 BILLION IN NEW BILLINGS IN H1 2026, MORE THAN ANY OTHER GLOBAL MEDIA GROUP") ## OMNICOM MEDIA WAS AWARDED $3.3 BILLION IN NEW BILLINGS IN H1 2026, MORE THAN ANY OTHER GLOBAL MEDIA GROUP PHD ranked #1 globally, joined by Hearts United and OMD in top… [](https://thailandbusinessnews.net/press-release/doit-unveils-3-2t-silicon-photonics-optical-engine-at-tie/) ![DoIT Unveils 3.2T Silicon Photonics Optical Engine at TIE](https://i0.wp.com/mmx.prnasia.com/media/MS1992284/20260920221908EDT_image_1.jpg?resize=260%2C140&ssl=1 "DoIT Unveils 3.2T Silicon Photonics Optical Engine at TIE") ## DoIT Unveils 3.2T Silicon Photonics Optical Engine at TIE More Than 20 Partners Join Forces to Capture AI Computing Opportunities TAIPEI,… [](https://thailandbusinessnews.net/press-release/huawei-launches-the-ai-practice-lab-aipl-solution-setting-a-new-paradigm-for-education-ai-talent-cultivation/) ![Huawei Launches the AI Practice LAB (AIPL) Solution, Setting a New Paradigm for "Education + AI" Talent Cultivation](https://i0.wp.com/mmx.prnasia.com/media/MS1992414/20260921033242EDT_image_1.jpg?resize=260%2C140&ssl=1 "Huawei Launches the AI Practice LAB (AIPL) Solution, Setting a New Paradigm for "Education + AI" Talent Cultivation") ## Huawei Launches the AI Practice LAB (AIPL) Solution, Setting a New Paradigm for "Education + AI" Talent Cultivation SHANGHAI, Sept. 21, 2026 /PRNewswire/ — During HUAWEI CONNECT 2026, the Global… [](https://thailandbusinessnews.net/press-release/yeahpay-extends-online-merchant-acquiring-to-seven-markets-expanding-across-payment-scenarios/) ## YeahPay Extends Online Merchant Acquiring to Seven Markets, Expanding Across Payment Scenarios Businesses incorporated in Australia, Canada, Hong Kong SAR, Japan, Singapore, the…