On April 29, the Code Meets Law high-end compliance forum hosted by LBank came to a successful conclusion at the OneOnly Royal Mirage Hotel in Dubai. The forum focused on the integration of cryptographic technology innovation and global compliance standards, and invited and attracted regulatory staff, legal experts, compliance officers and Web3 innovators from around the world to gather together to discuss the coordinated evolution of cryptographic innovation and regulatory frameworks, and jointly look forward to the future direction of the digital asset industry.
With the rapid development of the digital asset market, the global regulatory environment is also undergoing profound changes. As the home of the worlds first dedicated virtual asset regulatory agency, the Dubai Virtual Asset Regulatory Authority (VARA), Dubai is gradually establishing its central position in global Web3 policy making.
In this context, LBank joined hands with 14 industry-leading institutions including AWS, Deloitte, Elliptic, Fireblocks, etc. to co-host the Code Meets Law high-end compliance forum, aiming to promote the deep integration of technological innovation and legal supervision, and help the digital asset industry achieve sustainable and compliant development goals.
In the first panel discussion Smart Rules: Building Trust Through Embedded Compliance, Maleesha Gunawardana, Head of Compliance at LBank UAE, served as the moderator and had an in-depth dialogue with many heavyweight guests including Dr. Ayesha Binlootah, senior executive of Dubai Virtual Asset Regulatory Authority (VARA), ShihYun Chia, CEO of VerifyVASP, Dr. James Smith, founder of Elliptic, and Jason Allegrante, Director of Legal and Compliance at Fireblocks, on the theme of How to embed compliance mechanisms in technology to rebuild trust.
The discussion revolved around several key topics, including Dubais practical experience in regulatory preparation for the Travel Rule and how market participants can align with the emerging virtual asset regulatory framework. Dr. Ayesha Binlootah from the Dubai Virtual Asset Regulatory Authority (VARA) elaborated on how to effectively embed compliance at the institutional and system levels from the perspective of regulators, emphasizing the importance of proactive regulatory frameworks and clear regulatory guidance in building industry trust and resilience. Dr. James Smith, founder of Elliptic, pointed out that as regulatory requirements become increasingly complex, on-chain analysis is becoming a key bridge for establishing collaborative trust between institutions and regulators, helping the market to identify potential abnormal behaviors in advance and achieve pre-deployment of compliance capabilities. Jason Allegrante, Chief Legal and Compliance Officer of Fireblocks, shared practical experience around compliance embedding from the perspective of enterprise infrastructure. He pointed out that how to ensure user experience and business agility while pursuing security and compliance is the core challenge facing technical compliance. ShihYun, CEO of VerifyVASP, shared how to use message standardization, compliance signal link construction and interoperability improvement under the Smart Rules framework to promote the actual implementation of the Travel Rule in cross-border transfers and build an efficient and coordinated global signal network for the industry.
In the second panel discussion Global Compliance: Compliance Practices Across Jurisdictions, TLP Advisor Senior Consultant Harshil Agarwal served as the moderator and had an in-depth discussion with industry authorities such as Will Liao, Head of Research and Innovation at PolyFlow, Sarah Xia, Head of Payment Business at Wello, Mandy Ma, Senior Legal Advisor at ALJAMHOR LAW, and Rajesh Mohan, Head of Digital Assets, Funds and Transaction Risk Management at Deloitte Middle East.
When discussing cross-jurisdictional compliance practices, the guests provided several key insights. The guests mentioned that there are significant differences in regulatory logic between the Middle East, Asia, and North America, and Web3 companies urgently need to build a modular, quickly adaptable compliance architecture to meet the regulatory requirements of different regions. Especially in Web3 open cities such as Dubai, while enjoying policy inclusiveness, companies should pay more attention to establishing a sound risk prevention and control system. Regarding cross-border compliance challenges, the guests further emphasized that improving the ability to coordinate data governance on and off the chain is a key path to reducing compliance friction costs. In addition, when promoting tokenized products in multiple jurisdictions, companies need to refer to a set of practical strategies covering geographic blocking, license priority, and flexible information disclosure to effectively navigate the complex global compliance landscape.
As the worlds leading digital asset trading platform, LBank has always regarded compliance as its core strategy. LBank has established an extensive compliance network in key markets such as North America, Europe and the Middle East to provide a more secure and transparent trading environment for global users.
LBank chose to hold the Code Meets Law compliance forum in Dubai, which not only demonstrated its keen insight into global regulatory trends, but also demonstrated its strategic layout to actively lead changes in the global compliance process. We firmly believe that with the joint efforts of all sectors of the industry, the integration of compliance and innovation will promote profound changes in the financial system and inject new impetus into the global economy.
