cryptocurrency

Bybit co-founder and CEO, Ben Zhou, shares his thoughts with FinanceAsia on the mass adoption of digital assets, crypto’s changing regulatory landscape, and market volatility.

Even though cryptocurrency adoption has grown exponentially globally, Singapore has banned crypto platforms from advertising their products. Campaign investigates how the industry is navigating the ban.

Cryptocurrency firms based in Singapore must now be licensed in the city state, even if they have no local operations.

Dubai’s new crypto-friendly regulation has drawn Bybit and its peer, Crypto.com, to the emirate.

A White House executive order to lay out a national policy for digital assets should help boost credibility for cryptocurrencies, but concerns that decentralised finance technology can help evade sanctions still lingers for policymakers and investors.

The Singapore-based decentralised crypto exchange has launched a sustainability initiative to foster financial inclusion in India. And, on the back of government acknowledgement of crypto as a digital asset, the Bybit team is exploring further opportunities in the market.

The bank recorded over $815 million in trades across its DBS Digital Exchange (DDEx) for FY 2021.

Greater familiarity, institutional support, and budding public interest for cryptocurrencies suggest that 2022 could be a banner year for digital assets. Will encouraging momentum continue, or will new virtual money eventually be faced with old money problems?

Even if Bitcoin is embraced by other emerging economies, trade ties with China, volatile price swings, and the not-so-distant memory of a regional financial crisis may prevent cryptocurrency from ever taking off in Asia.