Bybit Bolsters Compliance With Appointment Of New Chief Legal & Compliance Officer

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has appointed Robert MacDonald as its new Chief Legal & Compliance Officer. With a rich background in regulatory compliance and financial crime, MacDonald’s experience spans both the public sector and traditional finance. His leadership is expected to strengthen Bybit’s commitment to legal integrity and governance.

MacDonald began his career as a barrister specializing in financial crime before transitioning to roles in global institutions, including major asset managers, South Korea’s largest eCommerce company, and crypto exchange Binance. In his new role at Bybit, he will oversee a legal and compliance team tasked with navigating complex regulatory landscapes and maintaining adherence to anti-money laundering (AML) and know-your-customer (KYC) regulations.

Bybit COO Helen Liu emphasized that compliance is a foundational pillar of the company’s long-term vision. MacDonald himself highlighted the challenge of inconsistent regulatory frameworks across jurisdictions, noting the need for clearer guidelines. He expressed enthusiasm for the opportunity to lead Bybit’s legal and compliance initiatives as the exchange continues its global expansion.

Bybit, founded in 2018, serves over 50 million users and is known for its ultra-fast matching engine, 24/7 customer service, and strong partnerships, including with Formula One’s Oracle Red Bull Racing team.

Source: cryptodaily.co.uk

Hello there! I'm a 21-year-old university student majoring in Finnish and Korean Language and Literature. I have a deep passion for art and a profound connection to the natural world. My journey through life has been a colorful one, driven by my love for creativity, music, and the wonders of the great outdoors. As a dedicated student, I've already earned a degree in Classic Cantos, a testament to my appreciation for the timeless beauty of classical music. Beyond the classroom, my artistic spirit thrives through my love for painting and drawing. These creative outlets allow me to express my thoughts and emotions, transforming blank canvases into vibrant stories. My interests go far beyond music and art. Singing, playing the piano, and exploring new melodies are integral parts of my life, providing me with both solace and exhilaration. When I'm not immersed in the world of art and music, I find solace in nature's embrace. My heart is drawn to animals and the serene beauty of the natural world, fueling my desire to protect and preserve our precious environment.