Bybit previously secured a full Virtual Asset Platform Operator license from the UAE Securities and Commodities Authority in October 2025, but its scope excludes Dubai.

Comprehensive legal regimes for digital assets, such as the EU's MiCA and proposed US market-structure bills, defining how tokens are issued, traded, and supervised.

Licensing, custody, and market-conduct rules for platforms where people trade digital assets, shaped by collapses like FTX and jurisdictional disputes between regulators.