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Bybit Poaches VARA’s Ex-Counsel to Lead Global Compliance
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CoinLaw
Bybit appointed Peter Loo as Chief Legal and Compliance Officer on Aug. 3, 2026, hiring the former General Counsel of Dubai’s Virtual Assets Regulatory Authority to run compliance at the exchange.
Key TakeawaysBybit named Peter Loo Chief Legal and Compliance Officer, handing him global legal, regulatory, and compliance strategy.
Ben Zhou, Bybit co-founder and chief executive, said Loo understands how rules are written and how they get applied.
Bybit, which describes itself as the world’s second-largest cryptocurrency exchange by trading volume, said Loo will lead its global legal, regulatory, and compliance strategy.
VARA’s public register listed 49 active licensed entities as of May 2026, with 39 virtual asset service providers classified as fully operational at the end of 2025.