Cryptocurrency exchange LBank successfully convenes "Code Meets Law" event, fostering global crypto regulatory compliance
Rewritten Article:
Dive into the Future with LBank's Blockbuster Forum!
Singapore, Singapore, May 1st, 2025 - Media Hive
Ahoy there, crypto enthusiasts! The much-anticipated, star-studded "Code Meets Law" forum guided by LBank (lbank.com) has sailed into Dubai, making waves as a groundbreaking achievement in bridging the gap between crypto innovation and international compliance standards. Set to sail at the swanky Peregrine Ballroom, One&Only Royal Mirage, the forum's mission is to carve a path forward for a secure and regulation-friendly Web3 realm.
Boasting an impressive gathering of over 800 distinguished participants, ranging from regulatory heavyweights, legal eagles, compliance wizards, and crypto innovators, this forum revealed the surging industry-wide focus on regulations alignment.
The forum's spotlight shone upon two keynote panels:
Panel 1: "Smart Compliance: Shaping a Secure Web3", helmed by LBank's Compliance Lead, Maleesha Gunawardana, based in the UAE.
Our trailblazers included Dr. Ayesha Binlootah, Assistant Vice President at Dubai Virtual Assets Regulatory Authority (VARA); Dr. James Smith, Founder of Elliptic; ShiYun Chia, CEO of VerifyVASP; and Jason Allegrante, Chief Legal & Compliance Officer at Fireblocks.
The conversation touched on several exciting topics, such as Dubai's progress in prepping for implementing the Travel Rule, and how industry participants can align with emerging compliance guidelines for virtual assets[1][3].
Dr. Ayesha Binlootah from VARA shed light on how effective compliance practices can be embedded at both the institutional and systemic levels. Stressing the importance of proactive regulatory frameworks and clear guidance, she believes that they are vital in fostering trust and resilience throughout the digital asset industry[3].
Dr. James Smith, the mastermind behind Elliptic, shared his insights on the growing complexity of governmental requirements and how blockchain analytics plays a crucial role in bridging the gap between institutions and regulators[3]. These tools help the industry stay a step ahead, mitigating potential risks and facilitating proactive implementation of compliance measures.
Jason Allegrante, Fireblocks' Chief Legal & Compliance Officer, dropped some valuable tidbits from an enterprise infrastructure perspective. He pointed out that maintaining a seamless user experience while ensuring top-notch security and robust regulatory adherence is a significant challenge in technical compliance[3].
The panel included ShihYun Chia, who enlightened attendees on the crucial role of Smart Rules in implementing the Travel Rule in cross-border transactions. By discussing standardization, the development of compliance signaling pathways, and improved interoperability, efforts are being made to construct a more efficient, well-orchestrated global network of virtual asset service providers[3].
Panel 2: "Global Tour: Sailing through Compliance Hurdles across Borders", moderated by Harshil Agarwal, Senior Advisor at TLP Advisor.
Guest speakers on this deck included Rajesh Mohan, Digital Assets, Treasury & Traded Risk Management expert at Deloitte Middle East; Will Liao, Head of Fintech Innovation at PolyFlow; Sarah, Head of Payment Partnerships at Wello; and Mandy Ma, Senior Counsel at ALJAMHOR LAW.
The event's second panel explored the ins and outs of实时 complaining within global payment networks, focusing on the FATF's Travel Rule and sanction screening policies[2]. Our experts discussed how blockchain and AI are revolutionizing Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures, shedding light on whether the industry has reached a turning point in adopting compliance technology[2]. The panel also tackled the challenge of navigating the regulatory landscape in the GCC region, providing intriguing insights into the regulatory frameworks of up-and-coming markets like Saudi Arabia. As the event drew to a close, our experts addressed the need for a balance between global regulatory harmonization and arbitrage, acknowledging the ever-changing international compliance landscape[2].
According to LBank's General Counsel, David Gu, "We are proud to have pulled off this significant gathering in Dubai. The UAE has set an inspiring example in the virtual asset regulatory sphere with its thoroughness and visionary approach. 'Code Meets Law' reflects our belief that the values that matter to humanity must be integrated into blockchain. As the industry evolves and matures, we remain dedicated to championing technology for the greater good."
The successful execution of the "Code Meets Law" forum strengthens LBank's position as a leading bridge between decentralized innovation and emerging global regulatory standards. By fostering dialogue among regulators, experts, and innovators, LBank continues to drive the crypto-verse towards a globally unified and law-abiding cryptocurrency landscape[2].
Care to Stay Aboard?
Keep your eyes peeled on these channels for LBank updates:- Website: https://www.lbank.com/- Twitter: https://twitter.com/LBank_Exchange- Telegram: https://t.me/LBank_en- Instagram: https://www.instagram.com/lbank_exchange- LinkedIn: https://www.linkedin.com/company/lbank
For any media inquiries, please don't hesitate to reach out to:- Email: [email protected]
Disclaimer:
This press release is sponsored by our commercial partners for dissemination.
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Interesting Facts:- Dubai Virtual Assets Regulatory Authority (VARA) is a forward-thinking regulatory authority based in the United Arab Emirates (UAE) that is dedicated to supervising and promoting the growth of the virtual assets sector.- The Travel Rule is a crucial aspect of regulatory compliance for virtual asset transactions. It was formed by the Financial Action Task Force (FATF) as a counter-terrorism financing measure aimed at identifying and preventing money laundering in the cryptocurrency space.- Elliptic, founded by Dr. James Smith, provides blockchain analytics solutions to organizations based in the cryptocurrency, financial services, and public sectors to prevent crypto-related financial crimes like money laundering and terrorist funding.- VerifyVASP is a firm that boasts expertise in digital asset compliance solutions, offering tools to help exchanges and payment service providers adhere to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.- Assembly Capital is a leading digital asset investment firm focused on delivering attractive returns by combining rigorous quantitative analysis with deep fundamental insights, comprised of a team of seasoned investment professionals and data scientists.
- In the much-awaited "Code Meets Law" forum hosted by LBank (lbank.com), a consensus was reached on the industry's focus on regulation alignment.
- The discussion in Panel 1, titled "Smart Compliance: Shaping a Secure Web3," touched on several topics such as the implementation of the Travel Rule in Dubai.
- Dr. Ayesha Binlootah from Dubai Virtual Assets Regulatory Authority (VARA) emphasized the importance of proactive regulatory frameworks for fostering trust and resilience in the digital asset industry.
- Dr. James Smith, founder of Elliptic, shared insights on how blockchain analytics can help bridge the gap between institutions and regulators.
- Jason Allegrante discussed the challenges of technical compliance while maintaining a seamless user experience and robust security.
- ShiYun Chia enlightened attendees on the role of Smart Rules in implementing the Travel Rule in cross-border transactions.
- The second panel, "Global Tour: Sailing through Compliance Hurdles across Borders," focused on real-time complaining within global payment networks and discussed the role of blockchain and AI in AML and KYC procedures.
- LBank's General Counsel, David Gu, expressed pride in hosting the forum and stressed the company's commitment to championing technology for the greater good in the cryptocurrency landscape.
