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🇦🇪 Bybit got local license in UAE
🏛 Dubai’s main crypto regulator, VARA has approved Bybit's application for a VASP license. This means that Bybit now can operate in Dubai with local retail and institutional investors. The company was already fully licensed for operations in Kazakhstan two weeks ago.
🛡 Bybit is currently one of the largest crypto exchanges in the world and is second only to Binance in terms of trading volume. Obtaining licenses in UAE and Kazakhstan secures the company from potential legal conflicts with US and EU authorities. The company was previously forced to suspend operations in France due to problems with local fintech regulator, AMF.
🇦🇪 Bybit got local license in UAE
🏛 Dubai’s main crypto regulator, VARA has approved Bybit's application for a VASP license. This means that Bybit now can operate in Dubai with local retail and institutional investors. The company was already fully licensed for operations in Kazakhstan two weeks ago.
🛡 Bybit is currently one of the largest crypto exchanges in the world and is second only to Binance in terms of trading volume. Obtaining licenses in UAE and Kazakhstan secures the company from potential legal conflicts with US and EU authorities. The company was previously forced to suspend operations in France due to problems with local fintech regulator, AMF.