DUBAI, UAE, Dec. 10, 2024 /PRNewswire/ — Bybit, 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.”

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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.

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SYDNEY, Dec. 10, 2024 /PRNewswire/ — Multi-product CFD broker, Vantage Markets (or “Vantage”) is proud to have been named the “Most Trusted Broker” and “Best Corporate Social Responsibility” at the Professional Trader Awards 2024. These awards underscore Vantage’s unwavering commitment to providing a trustworthy trading experience and making a positive impact in the Australian trading community.

The “Most Trusted Broker” award is a particular source of pride for Vantage, having received the accolade for two consecutive years. Trust is fundamental to the company’s ethos, and this continued recognition reflects Vantage’s dedication to transparency, security, and exceptional client care. The team is immensely proud, which speaks to the strong relationships Vantage has fostered with traders through clear communication, top-tier security, and responsive customer support.

The “Best Corporate Social Responsibility” award celebrates Vantage’s support for the Vantage Foundation, an independent charity it sponsors to drive awareness and action around critical but often invisible social issues, such as mental health challenges including anxiety, depression, and social isolation. Through its partnerships with local charities, the Vantage Foundation fosters impactful community connections that address these essential areas of need.

This year’s awards success continues a legacy of recognition for Vantage, adding to previous achievements such as “Best Trading Platform” and “Best Trading App,” which highlighted the broker’s excellence in technology and client experience.

Jack Kelly, Head of Sales at Vantage Australia, said, “We are incredibly proud to receive the ‘Most Trusted Broker’ and ‘Best Corporate Social Responsibility’ awards at the 2024 Professional Traders Awards. These recognitions reflect our dedication to providing Australian traders with products and services built on trust, innovation, and transparency. At the same time, our commitment to supporting meaningful social causes through the Vantage Foundation continues to drive us forward. This recognition is a direct reflection of the trust and loyalty of our traders and our ongoing efforts to make a positive impact in the communities we serve.”

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About Vantage

Vantage Markets (or Vantage) is a multi-product broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

Vantage Global Prime Pty Ltd (ACN 157 768 566) (“Vantage”), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, and is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901.

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Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.

You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), reading our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.

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VICTORIA, Seychelles, Dec. 10, 2024 /PRNewswire/ — KuCoin, a leading global crypto exchange, is thrilled to announce the listing of Ponchiqs (PONCH) on its Spot trading platform. This marks another significant step in connecting users to innovative blockchain projects shaping the future of entertainment and gaming.

Ponchiqs Studio is revolutionizing blockchain-based entertainment by creating a unique ecosystem around its Ponchiqs IP. This meta-universe merges GameFi, Hollywood-quality animations, and exclusive licensed merchandise, offering users a seamless and immersive experience. At the heart of this ecosystem is $PONCH, the native token powering the utility across Ponchiqs’ diverse platforms and games.

The deposit for PONCH is currently open, with the trading for PONCH/USDT commencing at 14:00 on December 6, 2024 (UTC). This is followed by the withdrawal, starting from 10:00 on December 7, 2024 (UTC).

The listing of Ponchiqs underscores KuCoin’s commitment to supporting groundbreaking projects that redefine user engagement and unlock new potentials in blockchain technology. KuCoin users can now participate in this vibrant ecosystem by trading and holding $PONCH tokens as part of their portfolio.

For more information on the PONCH listing and the related listing campaigns and activities, please refer to the official announcement.

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About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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