Bybit’s Mykolas Majauskas on crypto regulation, AI and the future of tokenisation

Crypto regulation is moving from a largely cautious approach toward frameworks that seek to balance consumer protection, market integrity and innovation. For Bybit, India is emerging as an important market, with the company expanding its presence in Bengaluru and exploring the future of digital assets, payments and tokenisation. In this interview with Dataquest, Mykolas Majauskas, Global Head of Policy at Bybit, discusses responsible crypto innovation, the role of financial education, the rise of AI-driven financial platforms, tokenisation and what the evolving regulatory landscape could mean for the industry.

Regulators remain cautious about crypto and blockchain. What does responsible innovation look like in this space?

I think regulators have every right to be careful. That involves marketing integrity, consumer protection and building trust in companies that provide services to customers. At the same time, crypto companies that want to serve customers responsibly need proper authorisation, corporate governance, risk management, anti-money laundering and sanctions screening.

The standards are high, and companies have to meet them if they want to be considered proper financial market participants. I don't think governments should lower those standards. At the same time, we have to keep pushing innovation and look at how traditional financial markets can integrate with the digital-asset industry.