LBank's "Code Meets Law" Compliance Forum concludes in Dubai: advancing Web3 compliance and innovation integration
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LBank's "Code Meets Law" Compliance Forum concludes in Dubai: advancing Web3 compliance and innovation integration
As a globally leading digital asset trading platform, LBank has always regarded compliance as a core strategy.
Navigating Web3 tides with focused insightsOn April 29, the "Code Meets Law" high-level compliance forum hosted by LBank successfully concluded at the One&Only Royal Mirage hotel in Dubai. Focusing on the integration of cryptocurrency innovation and global compliance standards, the forum brought together regulators, legal experts, compliance officers, and Web3 innovators from around the world to discuss the co-evolution of crypto innovation and regulatory frameworks, jointly envisioning the future direction of the digital asset industry.
As the digital asset market rapidly expands, the global regulatory landscape is undergoing profound transformation. As the first jurisdiction globally to establish a dedicated virtual asset regulator—the Dubai Virtual Assets Regulatory Authority (VARA)—Dubai is steadily positioning itself as a central hub in global Web3 policymaking.
In this context, LBank partnered with 14 leading industry organizations including AWS, Deloitte, Elliptic, and Fireblocks to host the "Code Meets Law" high-level compliance forum, aiming to promote deep integration between technological innovation and legal regulation, and support the digital asset industry in achieving sustainable and compliant growth.
During the first panel discussion, "Smart Rules: Building Trust Through Embedded Compliance," Maleesha Gunawardana, LBank's UAE Compliance Officer, moderated a deep-dive conversation with prominent guests including Dr. Ayesha Binlootah, senior official at Dubai’s Virtual Assets Regulatory Authority (VARA), ShihYun Chia, CEO of VerifyVASP, Dr. James Smith, founder of Elliptic, and Jason Allegrante, Legal & Compliance Director at Fireblocks. The discussion centered on how embedding compliance mechanisms into technology can reshape trust.
The session addressed several key topics, including Dubai’s practical experience in preparing for Travel Rule regulations and how market participants can align with emerging virtual asset regulatory frameworks. Dr. Ayesha Binlootah from VARA provided insights from a regulator’s perspective, elaborating on effective ways to embed compliance at institutional and systemic levels, emphasizing the importance of proactive regulatory frameworks and clear guidance in building industry trust and resilience. Dr. James Smith, founder of Elliptic, noted that as regulatory requirements grow increasingly complex, on-chain analysis is becoming a critical bridge between institutions and regulators, helping markets identify potential anomalies early and enabling forward-deployed compliance capabilities. Jason Allegrante, Chief Legal and Compliance Officer at Fireblocks, shared practical experiences on "compliance-by-design" from an enterprise infrastructure standpoint, highlighting that balancing user experience and business agility while ensuring security and compliance remains a core challenge in technical compliance. ShihYun Chia, CEO of VerifyVASP, discussed how under the "Smart Rules" framework, message standardization, construction of compliance signaling pathways, and enhanced interoperability can drive real-world implementation of the Travel Rule in cross-border transfers, establishing an efficient, collaborative global signaling network for the industry.
During the second panel discussion, "Global Compliance: Cross-Jurisdictional Compliance Practices," Harshil Agarwal, Senior Advisor at TLP Advisor, moderated an in-depth dialogue with industry authorities including Will Liao, Head of Research and Innovation at PolyFlow; Sarah Xia, Payments Lead at Wello; Mandy Ma, Senior Legal Counsel at ALJAMHOR LAW; and Rajesh Mohan, Deloitte Middle East’s leader in digital assets, capital, and transaction risk management.
When discussing cross-jurisdictional compliance practices, panelists offered several key insights. They highlighted significant differences in regulatory logic across the Middle East, Asia, and North America, stressing that Web3 enterprises urgently need modular, rapidly adaptable compliance architectures to meet diverse regional requirements. Particularly in Web3-friendly cities like Dubai, companies should prioritize building robust risk prevention systems even while benefiting from regulatory inclusiveness. Addressing cross-border compliance challenges, the panel emphasized that enhancing coordination between on-chain and off-chain data governance is a critical path to reducing compliance friction costs. Furthermore, when launching tokenized products across multiple jurisdictions, businesses must adopt practical strategies encompassing geographic restrictions, licensing prioritization, and flexible disclosure mechanisms to effectively navigate the complex global compliance landscape.
As a globally leading digital asset trading platform, LBank has always regarded compliance as a core strategy. LBank has established a broad compliance network across key markets such as North America, Europe, and the Middle East, providing users worldwide with a safer and more transparent trading environment.
By hosting the "Code Meets Law" compliance forum in Dubai, LBank not only demonstrates its keen understanding of global regulatory trends but also underscores its strategic vision to proactively lead change within the global compliance evolution. We firmly believe that through collective efforts across the industry, the convergence of compliance and innovation will drive profound transformation in the financial system, injecting continuous new momentum into the global economy.
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