Regulatory clarity needed: Bybit emphasized at VTIS 2024 the importance of clear regulations for digital assets to unlock economic benefits. Discussions revealed that cohesive frameworks can enhance financial ecosystems globally, as seen in Singapore and the UAE, showcasing how regulations can effectively support market growth.

Transformative impact: Robert MacDonald from Bybit discussed the substantial impact of digital assets on traditional finance. He highlighted how blockchain enhances transaction transparency and liquidity, benefiting sectors like banking. Yet, he noted challenges, including regulatory uncertainties and cybersecurity concerns, affirming the need for effective regulations.

Secure market necessity: The need for secure trading environments was underscored, with focus on preventing risks like market manipulation. MacDonald stressed comprehensive regulations for financial disclosures and customer fund segregation. This approach aims to build investor trust, encouraging sustainable growth and innovation in the digital asset sector.