Thursday, September 19, 2024
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Blockchain News

ByBit Gains Dubai Regulatory Approval as Dubai Strengthens Crypto Hub Status

By Enoch Mutembei ByBit, a global crypto exchange, has taken a significant step forward by securing provisional approval for a Virtual Asset Service Provider (VASP) license in Dubai. On September 16, ByBit announced that Dubai's Virtual Assets Regulatory Authority (VARA) granted the license after a comprehensive review. This is the initial stage of obtaining a full operating license to conduct crypto-related services in the region. The review process was thorough, ensuring that ByBit meets the regulatory...