LBank Successfully Hosts “Code Meets Law,” Advancing Global Crypto Compliance
Singapore, Singapore, May 1st, 2025, Chainwire
LBank (lbank.com), a leading global cryptocurrency exchange, successfully hosted the “Code Meets Law” forum in Dubai, marking a major milestone in its efforts to align crypto innovation with global compliance standards. As the world’s regulatory landscape evolves, this forum underscored LBank’s ongoing commitment to fostering a transparent, secure, and legally aligned Web3 ecosystem.
Held at the prestigious Peregrine Ballroom, One&Only Royal Mirage, the forum gathered leading regulatory officials, legal experts, compliance professionals, and Web3 innovators to discuss the path forward towards a robust and sustainable compliance infrastructure for the crypto industry. With over 800 registered participants, highlighting the growing industry-wide focus on regulatory alignment.
The forum featured two high-level panels:
Panel 1: Smart Rules: Building Trust Through Embedded Compliance, moderated by Maleesha Gunawardana, Compliance Lead at LBank (UAE).
Speakers included Dr. Ayesha Binlootah, Assistant Vice President at Dubai Virtual Assets Regulatory Authority (VARA); Dr. James Smith, Founder of Elliptic; ShiYun Chia, CEO of VerifyVASP; and Jason Allegrante, Chief Legal & Compliance Officer at Fireblocks.
The discussion focused on several key topics, including Dubai’s regulatory readiness for the Travel Rule and how market participants can align with emerging virtual asset compliance frameworks.
Dr. Ayesha Binlootah from VARA offered a regulatory perspective on how effective compliance can be embedded at both institutional and systemic levels. She emphasized that proactive regulatory frameworks and clear supervisory guidance are critical to building trust and resilience across the industry.
Dr. James Smith, Founder of Elliptic, noted that as regulatory requirements grow increasingly complex, blockchain analytics is becoming a vital bridge for trust and collaboration between institutions and regulators. These tools help the market preemptively identify potential anomalies and enable proactive compliance implementation.
Jason Allegrante, Chief Legal & Compliance Officer at Fireblocks, shared practical insights from an enterprise infrastructure perspective. He highlighted that one of the core challenges in technical compliance is maintaining user experience and operational agility while meeting high security and regulatory standards.
ShihYun Chia, CEO of VerifyVASP, discussed how the Smart Rules framework supports the implementation of the Travel Rule in cross-border transactions. He shared how message standardization, the development of compliance signaling pathways, and improved interoperability are enabling the industry to build a more efficient and coordinated global network of virtual asset service providers.
Panel 2: Global Playbooks: Navigating Compliance Across Jurisdictions, moderated by Harshil Agarwal, Senior Advisor at TLP Advisor.
Speakers featured Rajesh Mohan, Digital Assets, Treasury & Traded Risk Management expert at Deloitte Middle East; Will Liao, Head of Fintech Innovation at PolyFlow; Sarah, Head of Payment Partnerships at Wello; and Mandy Ma, Senior Counsel at ALJAMHOR LAW.
The second panel examined real-time compliance in global payment networks, particularly with the FATF’s Travel Rule and sanction screening mandates. Panelists discussed how blockchain and AI are transforming AML/KYC workflows and whether the industry has reached a tipping point in compliance technology adoption. Legal experts also shared insights into navigating the regulatory landscape in the GCC region, particularly in emerging markets like Saudi Arabia. The panel concluded with a discussion on the balance between regulatory harmonization and arbitrage, highlighting how evolving global frameworks like FATF and IOSCO may collide with fragmented national regimes.
“It was a privilege to organize this important gathering in Dubai,” said David Gu, General Counsel of LBank. “The UAE has set a strong example in virtual asset regulation through its clarity and forward-thinking approach, and we’re especially grateful to VARA for its professionalism and vision. ‘Code Meets Law’ reflects our belief that the values that matter to humanity must be embedded into blockchain. As the industry evolves, we remain committed to advancing tech for good.”
The successful execution of the “Code Meets Law” forum further solidifies LBank’s role as a key bridge between decentralized innovation and evolving global regulatory frameworks. By proactively engaging in compliance-centered discussions and fostering cross-jurisdictional collaboration, LBank continues to lead the industry toward a globally integrated and legally secure crypto environment.
About LBank
Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users in more than 210 countries and regions. With daily trading volume of more than $3 billion and support for over 800 cryptocurrencies, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets.
As a pioneer in the Meme coin market, LBank has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As the industry leader in first-time Meme coin listings, LBank has become the go-to platform for Meme coin investors.
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