Highlight Clip Bybit CEO Ben: DeFi’s in Its Regulatory Honeymoon Period During the fireside chat between Brian McGleenon, Global News Head of BeInCrypto, and Ben Zhou, Co-founder & CEO of Bybit, at Paris Blockchain Week 2026, Ben Zhou pointed out that the cross-border and…
Highlight Clip Bybit CEO Ben: DeFi’s in Its Regulatory Honeymoon Period During the fireside chat between Brian McGleenon, Global News Head of BeInCrypto, and Ben Zhou, Co-founder & CEO of Bybit, at Paris Blockchain Week 2026, Ben Zhou pointed out that the cross-border and decentralized nature of DeFi is inherently contradictory to centralized regulation. At present, the EU MiCA regulation and most regions worldwide have not yet issued a clear definition of DeFi, leaving room for regulatory arbitrage in the industry.
He stated that DeFi is currently in a regulatory honeymoon period, and regulators will most likely regulate decentralized exchanges (DEXs) first. Meanwhile, centralized exchanges (CEXs) are now subject to bank-level compliance reviews, which is significantly different from the threshold-free and anonymous trading environment of DEXs. The full implementation of DeFi regulation will still take time. — link