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Bybit appoints Peter Loo as chief legal and compliance officer

Bybit appoints Peter Loo as chief legal and compliance officer

The former VARA general counsel and sector development executive will steer Bybit’s legal and compliance agenda as the exchange seeks full operating capability in Dubai and broader regulatory expansion.

Fact Check
The official Bybit press release distributed via PR Newswire (3 Aug 2026) directly confirms the appointment of Peter Loo as Chief Legal & Compliance Officer and his prior role as General Counsel & Head of Sector Development at Dubai's VARA, matching the claim exactly. Crypto Briefing and FinanceFeeds independently corroborate the same facts, including the Dubai/regulatory-expansion context described in the claim.
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Summary

Bybit has named Peter Loo as chief legal and compliance officer, putting the former Dubai regulator executive in charge of the exchange’s global legal, regulatory and compliance strategy. Loo previously served at Dubai’s Virtual Assets Regulatory Authority as general counsel and head of sector development, where he helped develop the emirate’s framework for virtual assets, and earlier held senior roles at Barclays Capital and Amber Group. Bybit, which says it is the world’s second-largest exchange by trading volume with more than 80 million active users and headquarters in Dubai, secured a provisional Virtual Asset Service Provider license from VARA in September 2024. The appointment signals an effort to turn that provisional approval into full operational capability in Dubai while strengthening compliance infrastructure in other jurisdictions as the company expands beyond trading into payments, custody and asset management.

Terms & Concepts
  • Virtual Asset Service Provider license: A regulatory approval that allows a crypto-related firm to offer services involving virtual assets in a given jurisdiction.
  • custody: The safeguarding and administration of client assets, including digital tokens, on their behalf.
  • Virtual Assets Regulatory Authority: Dubai’s regulator for businesses dealing in virtual assets and related services.