Bybit Gains Provisional VASP Approval for Crypto Exchange Services from VARA

Monday, 16 September 2024, 08:37

Bybit secures provisional VASP approval from Dubai's VARA, allowing the crypto exchange to take significant steps towards a full operational license. This approval highlights Bybit's commitment to regulatory compliance and growth in the Middle Eastern market.
Cryptobriefing
Bybit Gains Provisional VASP Approval for Crypto Exchange Services from VARA

Bybit Achieves Provisional VASP Approval

Bybit has successfully secured provisional Virtual Asset Service Provider (VASP) approval from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval is crucial for Bybit as it signifies a major milestone on the path to obtaining a full operational license in the thriving Middle Eastern market.

Importance of Regulatory Compliance

With this provisional approval, Bybit can now expand its crypto exchange services in Dubai. This move not only reinforces the platform's credibility but also aligns with VARA's objectives to create a secure environment for virtual assets.

  • Bybit's regulatory efforts showcase its dedication to compliance.
  • The approval provides a competitive edge in the crypto landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Subscribe to our newsletter for the most current and reliable cryptocurrency updates. Stay informed and enhance your crypto knowledge effortlessly.

Subscribe