Bybit pulled in Peter Loo from Dubai's Virtual Assets Regulatory Authority on Monday, betting the exchange's global compliance push needs someone who actually shaped the rulebook. Loo spent years as a senior VARA executive before that, which means he knows exactly how regulators think.
The appointment signals Bybit's shift beyond pure crypto trading. Loo will now oversee legal, compliance and governance across the exchange's expanding financial services, including custody, payments and asset management. He carries 25 years of experience from investment banking, law firms and digital asset companies. His resume includes stints at Barclays Capital, MF Global and Amber Group.
Bybit has been aggressive about licensed operations globally. This hire suggests the exchange sees regulatory clarity as a competitive edge, especially as bigger players like FTX burned themselves by ignoring compliance. Loo's VARA background gives Bybit direct credibility with one of crypto's most respected jurisdictions.
This article is for informational purposes only and does not constitute financial or investment advice.