VARA, as Zhou explains from his interactions with them in getting Bybit licensed, has sophisticated,detailed procedures exchanges need to go through in order to get licensed. These include explaining how the exchange scrutinizes transactions, addresses sanctions, Anti-Money Laundering practices, and preventing engagement with polluted addresses.
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- Source: https://www.coindesk.com/markets/2023/07/24/first-mover-asia-bybit-ceo-ben-zhou-regulators-see-crypto-as-an-opportunity-not-a-crisis/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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