Bybit has announced that its entity, Bybit Fintech FZE, has been granted a Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This regulatory approval authorizes the platform to facilitate exchange services, specifically covering spot trading operations.
The license marks a development in the company’s regional operations within the United Arab Emirates. Bybit, which reports a global user base of more than 80 million, is now positioned to provide its regulated spot trading services under the oversight of Dubai’s specialized digital asset regulator.
Source: Finextra
Original article: https://www.finextra.com/pressarticle/111404/bybit-secures-vara-licence-in-dubai?utm_medium=rssfinextra&utm_source=finextrafeed

